Obermann to leave Ziggo in September

May 24, 2014 08.31 Europe/London By Jörn Krieger

Obermann-2René Obermann, the former head of German telco Deutsche Telekom, will leave his CEO post at Ziggo in September 2014 at the latest, reports German news magazine Focus with reference to shareholder circles of the Dutch cable operator.

Obermann only assumed the top position in January. When US media company Liberty Global announced to buy Ziggo, Obermann said that he would leave the cable operator once the acquisition has taken place.

Liberty Global wants to close the Ziggo deal in Q3, reports the magazine with reference to people involved in the negotiations.

According to experts’ estimations, Obermann can expect a payment of a total of €4.7 million with his departure from Ziggo. His future employment is now open again. People close to Obermann consider it to be rather unlikely that the manager will join US financial investor General Atlantic as suggested by some reports.