Swaziland - UPC acquires networks in Genthod and Mellingen

10 November 2017

Mergers, Acquisitions and Financial Results

Cableco UPC Switzerland has announced that it has completed the takeover of the cable network in the municipality of Mellingen and the fibre-optic network in the municipality of Genthod in two separate transactions. UPC operated both networks prior to the acquisitions, whilst a large part of the network infrastructure in Mellingen was already owned by the cableco. The Mellingen system serves a total of 300 residents, whilst the network in Genthod caters to around 150 active customers.

Commenting on the handover, Beat Deubelbeiss, municipal secretary of Mellingen, was quoted as saying: ‘We want to continue to meet the challenges and demands posed by digitisation in the future but that is only possible with the corresponding know-how, adequate power and the will to innovate. After a long and successful partnership, we are certain that we are taking the right step towards securing these factors by handing over our network to UPC.’ A similar statement from Genthod municipality president Wolfgang Honegger echoed the official’s message.

Source: All Africa