Competition Commission gives Sunrise green light for Tele2 takeover
The Competition Commission approves the takeover of Tele2 by Sunrise. The takeover of Tele2 expands Sunrise's customer base and strengthens its market position.
The Competition Commission approves the takeover of Tele2 by Sunrise. By taking over Tele2, Sunrise is expanding its customer base and strengthening its market position. Of the former 490,000 Tele2 customers in Switzerland, there are still 460,000 customers left that Sunrise can take over, Sunrise CEO Christoph Brand told the news agency SDA.
Tele2 will continue to exist as a brand, as will the existing Tele2 products. The 53 employees will be taken over and will continue to be employed at their current place of work or within Sunrise.
Tele2 had been operating in Switzerland since 1998. In the second half of 2008, the provider generated sales of CHF 115 million, but suffered an operating loss of CHF 2.6 million. Tele2 only entered the cell phone business in 2005, several years after its competitors. The company concentrated its cell phone antennas in the large conurbations. In order to achieve nationwide coverage, Tele2 agreed with Sunrise to share the latter's mobile network. As a result of the takeover, Sunrise now has Tele2's mobile phone license and its mobile phone antennas, which should improve coverage.
However, Sunrise will not be able to keep Tele2's mobile communications license permanently, but it will revert to the state by the end of the year at the latest, said Peter Bär, Secretary of the Federal Communications Commission (Comcom). During the takeover phase, Comcom wants to grant Sunrise a transitional period for the use of Tele2 mobile radio frequencies so that Tele2 customers do not suffer any loss of quality.
Tele2 will continue to exist as a brand, as will the existing Tele2 products. The 53 employees will be taken over and will continue to be employed at their current place of work or within Sunrise.
Tele2 had been operating in Switzerland since 1998. In the second half of 2008, the provider generated sales of CHF 115 million, but suffered an operating loss of CHF 2.6 million. Tele2 only entered the cell phone business in 2005, several years after its competitors. The company concentrated its cell phone antennas in the large conurbations. In order to achieve nationwide coverage, Tele2 agreed with Sunrise to share the latter's mobile network. As a result of the takeover, Sunrise now has Tele2's mobile phone license and its mobile phone antennas, which should improve coverage.
However, Sunrise will not be able to keep Tele2's mobile communications license permanently, but it will revert to the state by the end of the year at the latest, said Peter Bär, Secretary of the Federal Communications Commission (Comcom). During the takeover phase, Comcom wants to grant Sunrise a transitional period for the use of Tele2 mobile radio frequencies so that Tele2 customers do not suffer any loss of quality.
