September 16, 2013 08.01 Europe/London By Chris Dziadul
UPC Czech Republic will undergo a major change at the beginning of the New Year, being effectively split into two companies.
According to E15, it will see the separation of infrastructure and services, creating a new company named UPC Infrastructure.
It will have a registered capital of CZK116.8 million (€4.5 million), or one tenth of the share capital of UPC Czech Republic, and the same ownership, with UPC Czech Holding claiming 99.65% and UPC Central Europe Holding 0.35%.
Expert sources put the total value of UPC Czech Republic at CZK6.19 billion.
According to the operator, the change will have no impact whatsoever on its customers.