Switzerland’s leading cable operator UPC cablecom has become the sole owner of Télélancy SA (which has 9,500 subscribers), having acquired the 55% stake held by the Geneva municipality of Lancy, the third largest Geneva municipality.
“Our cable network is now in the hands of professionals who are in a position to develop it further under the best possible conditions,” says François Lance, the fittingly named mayor of Lancy. “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. The services of Lancy TV will also continue to be available to customers because they have been handed over to the private-law foundation, ‘Fondation Lancy médias’, which was founded by the town of Lancy in order to guarantee the continuation of local media and in particular local television.”
In the past 18 months UPC cablecom has taken over the networks Télémeyrin SA and Télécarouge SA in the French-speaking part of Switzerland.