UPC acquires Ermatingen fibre network

16 Sep 2016

UK-backed cableco UPC Switzerland has purchased a fibre-optic cable network in Ermatingen in the canton of Thurgau for an undisclosed sum. UPC acquired the network from its partner Regionalantenne Ermatingen (RAE), which will be dissolved, purchasing the outstanding shares it did not already own from the municipality of Ermatingen and other private shareholders. The network currently serves 1,100 users, and UPC notes that as RAE had been a partner of UPC since 1989 there will be no change for those customers. Commenting on the deal, the directors of RAE were quoted as saying: ‘The future-proof glass fibre-optic infrastructure requires a high level of expert knowledge, financial and technical resources, as well as competent advice for customers. UPC can offer our customers all of this, so that the future of the…network in Ermatingen is secured’.

Switzerland, UPC Switzerland (Sunrise UPC)