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Tag: chf
Swisscom and Cinetrade/Teleclub get CHF 71.8 mln fine
2016-05-24 14:19:00| Telecompaper Headlines
(Telecompaper) The Swiss Competition Commission has imposed a sanction of CHF 71.8 million on Swisscom and Cinetrade/Teleclub for allegedly prohibited marketing of sports content via pay-TV. According to COMCO, Swisscom and Cinetrade/Teleclub occupy a dominant market position, particularly with respect to broadcasting national football and ice hockey events, and must offer all TV platforms in Switzerland if technically feasible an equivalent Teleclub sport offering at non-discriminatory terms and conditions.
UPC Cablecom to spend CHF 250 mln on network expansion
2016-03-24 11:08:00| Telecompaper Headlines
(Telecompaper) UPC Cablecom has confirmed plans to invest over CHF 250 million in extending its network to 250,000 additional premises in Austria and Switzerland over the next five years. Parent company Liberty Global is supporting this initiative as part of its new build investment programme announced earlier this year. Around 50,000 homes are already set to be connected with fibre cable in 2016 under the "Autostrada" investment programme. Today, a third of Austrian households and approximately half of Swiss households are connected to UPC's network. The network expansion will include densification in areas where it's already present as well as expansion to new areas.
Tags: network
spend
expansion
chf
CHF Merges With Life Sciences Foundation
2015-12-03 19:16:00| Chemical Processing
The merger between the Chemical Heritage Foundation and the Life Sciences Foundation is complete.
Tags: life
foundation
sciences
life sciences
Swisscom faces CHF 143 mln fine over pay-TV sports offer
2015-07-23 17:00:00| Telecompaper Headlines
(Telecompaper) Switzerland's Competition Commission has proposed a fine of CHF 143 million against Swisscom for alleged violations in the marketing of sports content over pay TV. According to the regulator, Swisscom and its Teleclub service occupy a dominant market position, particularly in broadcasting Swiss national football and ice hockey events and, where technically possible, should provide all TV platforms in Switzerland with equivalent Teleclub sports programming under non-discriminatory conditions. Swisscom denies the alleged violation and regards the sanction as unjustified. Swisscom said in a statement that it will examine the 170-page draft decision from the regulator and respond to the allegations within the requested deadline. The definitive decree from ComCo can be contested at the Federal Administrative Court and ultimately with the Federal Court if necessary, Swisscom noted.
Sunrise prices IPO mid-range, raises CHF 1.36 bln
2015-02-06 08:44:00| Telecompaper Headlines
(Telecompaper) Swiss operator Sunrise has priced its initial public offering (IPO) and started listing on the SIX Swiss Exchange. Trading will begin following the IPO. The IPO is expected to close on 10 February. The company priced the offered shares at CHF 68 per share, in the middle of the indicated range of CHF 58-78. The total base offering consists of 20.0 million shares to be issued by Sunrise and 9.3 million existing shares offered by the selling shareholder. Sunrise and CVC have also granted a greenshoe of 4.1 million shares, to be offered by the selling shareholder. Following completion of the IPO, the number of offered Shares in the base offering will represent 65 percent of the issued share capital before the greenshoe and 75 percent after. Sunrise will use the expected proceeds of CHF1.36 billion, together with proceeds from other sources, to redeem in full the PIK Toggle notes and the 2012 notes and to pay back EUR 451 million of the senior notes and CHF 121 million of the CHF denominated 2010 Fixed Rate Senior Secured Notes on 13 February.