SUNRISE UPC GMBH EBL to sell telecom division to Sunrise
Transparency directive : regulatory news
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Sunrise UPC GmbH
/ Key word(s): Miscellaneous
EBL has been active in the telecom business since 2000 and owns telecom networks in around 200 municipalities in Switzerland. At the same time, EBL has for several years been successfully pursuing a policy of robust expansion of its business areas to incorporate renewable energy/heat production and distribution. As a result of this strategic focus, EBL is selling its telecom division to Sunrise. It has been agreed that the terms of the sale will not be disclosed. EBL explored the option of selling its telecom division as part of its strategic refocus and during the course of a detailed transaction project, EBL was able in August 2022 to agree on a sale with Sunrise, Switzerland’s largest private telecommunications company. From EBL’s point of view, this arrangement is ideal, as it will enable its existing approximately 60,000 customers (including mobile customers) to enjoy the best continuity of service and products. Both parties are preparing for the business to be transferred in January 2023. Nothing will change for EBL telecom customers in January. The parties have agreed not to disclose the terms of the sale.
«This sale will allow EBL to focus more strongly on its two strategic objectives of ensuring security of supply and decarbonizing the energy system, thus making an important contribution for future generations. At the same time, the sale of our telecom division to Sunrise ensures that our telecom customers can continue to use state-of-the-art products on our excellent telecom networks,» stresses Tobias Andrist, CEO of EBL.
«EBL has been our network partner for 18 years now. As such, EBL telecom customers have already been benefiting from our mobile, landline, Internet and TV services for a long time. With the takeover of EBL’s entire telecom division, we can provide direct and improved support for these customers. They can also look forward to even more innovative services,» says André Krause, CEO of Sunrise, of the acquisition.
EBL is renowned for its secure and climate-friendly energy supply Security of supply and decarbonization of the energy system are the aims of the private and independent company EBL. As a sustainably oriented cooperative, we advocate for ecological energy production and are thus playing our part in protecting our environment. From households to industry, we are an expert partner when it comes to the production, distribution and use of climate-friendly energy sources. www.ebl.ch
About Sunrise Sunrise LLC, a subsidiary of and wholly owned by Liberty Global, is Switzerland’s largest private telecommunications company, providing leading mobile, Internet, TV and landline services to residential and business customers. With its hybrid fiber network, which combines landline and mobile, Sunrise is the leading broadband Internet provider in Switzerland, with around 3.117 million mobile, 1.234 million broadband and 1.283 million TV customers (RGU) as of the end of the second quarter of 2022. www.sunrise.ch
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| Language: | English |
| Company: | Sunrise UPC GmbH |
| Thurgauerstrasse 101b | |
| 8152 Glattpark (Opfikon) | |
| Switzerland | |
| Phone: | 0800 333 000 |
| E-mail: | sunrisemediaservice@sunrise.net |
| Internet: | www.sunrise.ch und www.upc.ch |
| EQS News ID: | 1432865 |
| End of News | EQS News Service |
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1432865 01.09.2022 CET/CEST