A PYMNTS Company

Switzerland: Communications co takes majority stake over rights holder

By  |  May 6, 2013

Communications company Swisscom has increased its stake in premium rights holder Cinetrade from 49 percent to 75 percent. The deal was announced in a statement by Swisscom, which assured that the deal offers more viewing content to customers for both pay and free television. According to the telco, consumers now have four-to-six as many football matches to watch on TV. According to a statement, the two will continue to operate independently and Cinetrade will not be integrated into its buyer. Switzerland’s Competition Commission had originally approved of Swisscom’s first acquisition in Cinetrade back in 2005; in 2011, the regulator noted that a majority acquisition in Cinetrade did not need to be reported to antitrust officials.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Broadband TV News

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.