René Obermann to take control of Ziggo

07 March 2013 | Kavit Majithia


René Obermann, who is set to step down as Deutsche Telekom’s chief executive at the end of the year, is set to join Dutch cable company Ziggo.

Obermann will take on the role in January 2014 from Ziggo’s present CEO, Bernard Dijkhuizen, who is to retire from the post next year, the cable operator said yesterday.

As a prominent member of the battle against regulators to relax their grip on the German market, Obermann has attempted to increase cooperation with fixed-line carriers across Europe, and utilise cable services.

Obermann will remain as CEO of Deutsche Telekom until the end of 2013, until the company’s present CFO, Timotheus Hoettges, takes over.

There has been a range of deals in the European cable market already this year, with Liberty Global striking a $16 billion deal to acquire Virgin Media, and Vodafone presently attempting to acquire Germany’s Kabel Deutschland.

Ziggo shares jumped by 0.3% this morning in Amsterdam.