UPC Cablecom has taken full control of Télélancy after the Geneva municipality of Lancy sold its 55% share in the cable network to the Liberty Global-owned TV and internet service provider.
Switzerland’s UPC Cablecom already held a 45% share in Télélancy and in the last 18 months has also taken over the Télémeyrin and Télécarouge cable networks in the French-speaking part of the country, and entered into a purchase agreement for the complete takeover of Naxoo (022 Télégenève) with the city of Geneva.
With the full takeover of Télélancy, UPC Cablecom said it is “investing again in French-speaking Switzerland and enhancing its market position in this part of the country further.” The cable network has a customer base of some 9,500 households.
“Our cable network is now in the hands of professionals who are in a position to develop it further under the best possible conditions. This sale will secure the future of our cable network. And customers will be able to benefit from first-rate products and services over the long term,” said the mayor of Lancy, François Lance.
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