Sunrise takes over Tele 2 Switzerland
Consolidation in the Swiss telecommunications market: Sunrise is acquiring the Swiss subsidiary of the Swedish conglomerate Tele 2 for 50 million Swiss francs. The Tele 2 Switzerland brand will be retained, and its 54 employees will be retained. The Competition Commission must still approve the deal.
Concentration on the Swiss telecommunications market: Sunrise is buying the Swiss branch of the major Swedish group Tele 2 for 50 million Swiss francs. The Tele 2 Switzerland brand will be retained and its 54 employees will be taken over, Sunrise announced.
"This takeover is about strengthening our position on the market," Sunrise CEO Christoph Brand told the SDA news agency on Monday. Sunrise, a subsidiary of the Danish group TDC, is already the number two on the Swiss market after Swisscom with a market share of around 20 percent.
The Swedish parent company justifies the sale primarily with the political framework conditions in Switzerland, which favor the former monopolist more than in any other European country: lengthy procedures and unrealistic methods for evaluating the historical network infrastructure prevent a competitive dynamic in favor of end customers.
Sunrise currently has around 2.3 million customers in Switzerland. Tele 2 Switzerland has around 420,000 customers, 300,000 of whom are landline customers. Sunrise is working specifically to expand its customer base in the fixed network at the expense of its main competitor Swisscom.
Sunrise assures that the planned takeover will not change anything for Tele 2 customers. Tele 2's existing services in the fixed network, mobile and Internet sectors will continue.
The 54 employees of Tele 2 Switzerland should not experience any unpleasant surprises either. Sunrise has announced that, in consultation with the employee representatives and the communications union, they will be kept on and will continue to be employed at their original workplace or within Sunrise for the time being.
The planned takeover is now being examined by the Competition Commission (WeKo). Sunrise expects the takeover of Tele 2 to be waved through without any problems.
"This takeover is about strengthening our position on the market," Sunrise CEO Christoph Brand told the SDA news agency on Monday. Sunrise, a subsidiary of the Danish group TDC, is already the number two on the Swiss market after Swisscom with a market share of around 20 percent.
The Swedish parent company justifies the sale primarily with the political framework conditions in Switzerland, which favor the former monopolist more than in any other European country: lengthy procedures and unrealistic methods for evaluating the historical network infrastructure prevent a competitive dynamic in favor of end customers.
Sunrise currently has around 2.3 million customers in Switzerland. Tele 2 Switzerland has around 420,000 customers, 300,000 of whom are landline customers. Sunrise is working specifically to expand its customer base in the fixed network at the expense of its main competitor Swisscom.
Sunrise assures that the planned takeover will not change anything for Tele 2 customers. Tele 2's existing services in the fixed network, mobile and Internet sectors will continue.
The 54 employees of Tele 2 Switzerland should not experience any unpleasant surprises either. Sunrise has announced that, in consultation with the employee representatives and the communications union, they will be kept on and will continue to be employed at their original workplace or within Sunrise for the time being.
The planned takeover is now being examined by the Competition Commission (WeKo). Sunrise expects the takeover of Tele 2 to be waved through without any problems.
