O2 to acquire UPC

Mobile operator O2, majority‑owned by Abu Dhabi‑based e&, acquired TV and internet provider UPC from Liberty Global. The deal value, excluding cash and debt, is €95m. Orange and 4ka were also reportedly interested. UPC’s fiber‑optic and coaxial network covers 650,000 households in 80 cities and serves 150,000 TV and 141,000 internet customers. In 2020-24, it posted a €46.6m loss with flat annual sales of around €46m. O2 became Slovakia’s largest mobile operator this year with 2.370m customers. It uses Slovak Telekom’s network to provide TV and fixed internet services.

(zive.sk)