Statement by Netstream AG on the acquisition of Wilmaa AG by Sunrise Communications AG.
Netstream AG has been supplying IPTV to Sunrise since 2012. However, the successful partnership dates back to 2007.
On 18 June 2020, Sunrise announced in a press release that it had acquired 100% of the shares in Wilmaa AG and taken over its 10 employees. With the acquisition of Wilmaa AG, Sunrise aims to use the know-how it has acquired to further develop its OTT TV offerings and thus strengthen its position in the market. Sunrise’s OTT platform is set up independently of the IPTV environment and is provided by another supplier. The purchase therefore has no direct impact on the partnership between Sunrise and Netstream AG.
Netstream AG welcomes the acquisition. This investment underlines the strategic importance of TV and streaming in general and opens up new opportunities for both sides. For us, our long-standing partnership with Sunrise Communications AG comes first, and we support Sunrise in this undertaking. With our know-how, we are able to support and complement Sunrise in the best possible way. We are in close contact and are examining not only the newly gained opportunities but also how we can make the best possible use of the synergies.
