Liberty Global


Sunrise faces new challenge with call for removal of chairman

Swiss service provider Sunrise is continuing to feel the heat in its battle to see through its acquisition of Liberty Global’s Swiss unit, UPC Switzerland, with one of its investors calling for the removal of its chairman. Sunrise said that Luxembourg-based funds group Axxion had requested the removal of Peter Kurer, Chairman and Member of […]

Sunrise bolsters case for UPC deal with new fairness opinion

Swiss telecom operator Sunrise has boosted its case in its battle with its biggest shareholder Freenet over the terms of its planned acquisition of cable operator UPC Switzerland from Liberty Global by receiving a favourable opinion on the fairness of the deal from ValueTrust Financial Advisors. According to to Sunrise, ValueTrust reviewed the key performance […]

Sky ‘in talks’ with Liberty Global to invest in fibre JV

Sky is in talks with Liberty Global to invest in Virgin Media’s new fibre venture for underserved areas, according to a report by the Financial Times. According to the report, citing unnamed sources, Sky has opened talks to participate in the new JV both as a customer and investor. However, talks are still at an […]

More Sunrise shareholders reportedly leaning towards opposing Liberty deal

Additional shareholders in Sunrise are leaning towards joining German service provider and Sunrise’s largest shareholder Freenet in opposing the Swiss telco’s acquisition of UPC Switzerland, according to a report by Reuters. Citing unnamed sources, Reuters reports that two big investors will oppose the deal with Liberty Global, while a third has expressed reservations. Additional opposition […]

Liberty Global rejects changes to Sunrise deal

Liberty Global has rejected making any changes to its agreement with Sunrise for the sale of its Swiss unit following the eruption of hostilities between Sunrise and its biggest shareholder, Germany’s Freenet over the terms of the deal. Noting the “recent statements” from the pair on the transaction, Liberty said that was “fully committed to […]

Swiss strife: Sunrise, Freenet and Liberty Global

Swiss telco Sunrise has fallen out spectacularly with its biggest shareholder, Germany’s Freenet, over the planned acquisition of Liberty Global’s Swiss business. Sunrise this week accused Freenet board representatives of “a conflict of interest” and resolved to exclude them from discussions about the merger. The telco also asserted that Freenet had previously proposed an illegal […]

Sunrise at war with Freenet over Liberty Global deal

The battle between Swiss service provider Sunrise and its largest shareholder Freenet over the former’s plans to acquire UPC Switzerland has escalated, with Sunrise accusing Freenet board representatives of “a conflict of interest” and resolving to exclude them from discussions about the merger. Sunrise also asserted that Freenet had previously proposed an illegal acquisition of […]

Liberty Global to focus on ‘core markets’ for further acquisitions

Liberty Global will focus on its “core operating markets” for any acquisitions or investments it makes from the proceeds of its sale of its German and central European assets to Vodafone and the forthcoming sale of UPC Switzerland to Sunrise, according to CEO Mike Fries. Speaking on the company’s latest quarterly earnings call, Fries said […]

Liberty to buy back shares and invest in UK as subscriber numbers drop

Liberty Global is following up on its promise to return value to shareholders following its sale of its German and central European units to Vodafone by using the proceeds from the sale for cash tender offers for its shares of up to US$2.5 billion (€2.2 billion), along with a promise of investing in Virgin Media, […]

Telenet posts improved performance, slams wholesale cable move

Belgian cable operator Telenet has reported an improved operational performance for the second quarter, with strong uptake of fixed-mobile converged bundles and broadband and post-paid mobile growth. Telenet said that uptake of its fixed-mobile converged Wigo and Yugo bundles had increased by 38,700, meaning that it now has 467,800 customers for these bundles, described as […]