UPC To Purchase Network Of Fibernet In Hungary
- 22 Nov 2010 12:00 AM
"UPC will buy a third of the cable television network of Fibernet Kommunikációs, the two cable companies announced Saturday. The transaction could be completed in the first quarter of 2011 after receiving the ap-proval of the competition office GVH.
Fibernet provides cable television, broad-band internet and telephone services to over 150,000 households.
UPC is purchasing a network capable of servicing 166,000 households and with 80,000 subscribers at present, Napi Gaz-daság notes.
Invitel’s Hungarian subsidiary bought Fi-bernet on Friday and passed a third of the network to its newly acquired company on Saturday, Népszabadság observes. "
Source: Hungary Around the Clock
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