UPC restructuring at start of 2014

18 Sep 2013

UPC Ceska Republika, a wholly owned subsidiary of Liberty Global, will undergo a major restructuring at the start of 2014 which will effectively see the cableco split into two companies, reports Broadband TV News citing Czech business daily E15. UPC’s infrastructure and services will be separated, creating a new company named UPC Infrastructure, although the change will have ‘no impact’ on customers, according to the company. UPC Infrastructure will have a registered capital of CZK116.8 million (USD6.1 million), or one tenth of the share capital of UPC Ceska Republika, and the same ownership, with UPC Czech Holding claiming 99.65% and UPC Central Europe Holding 0.35%. Experts quoted in the report put the total value of the Czech cable operator at CZK6.19 billion.

Czech Republic, UPC Ceska Republika