Liberty Global


Sunrise in fresh move to secure shareholder OK for Liberty Global deal

Swiss telco Sunrise has announced a reduction in the size of the rights issue planned to finance its troubled acquisition of UPC Switzerland in a bid to secure shareholder approval for the deal. The telco is to reduce the size of the rights issue by CHF1.3 billion (€1.2 billion) to CHF2.8 billion ahead of a […]

Liberty Global companies unveil Gigabit rollouts

Liberty Global’s operating companies in Switzerland, Belgium and the UK have now all unveiled plans to roll out Gigabit broadband services. The UK’s Virgin Media has kicked off the deployment of Gigabit broadband in Southampton, taking 1Gbps downstream speeds to 100,000 premises. The company plans to bring these speeds to its entire network, covering 15 […]

Liberty Global positioning itself for fixed-mobile future, says Fries

Liberty Global’s sale of its German and central European assets and planned sale of its Swiss unit “all make sense” in a market that is moving towards fixed-mobile convergence, but the company nevertheless sees “a lot of runway” to build value from its remaining assets, according to CEO Mike Fries. Speaking at Goldman Sachs Communacopia […]

Swiss deal ‘makes tons of sense’, says Liberty Global chief

Liberty Global’s agreement with Sunrise to divest its UPC Switzerland unit “makes tons of sense” and it is up to the Swiss telco to “manage its shareholder base” and see the deal through, according to Liberty president and CEO Mike Fries. Speaking at the Goldman Sachs Communacopia conference in New York, Fries said that Liberty […]

Sunrise faces fresh opposition to Liberty Global deal

German activist investor Active Ownership Capital (AOC) has joined the growing list of investors in Swiss telco Sunrise to openly oppose its agreement to acquire Liberty Global’s Swiss unit. According to Reuters, citing AOC founding partner Florian Schuhbauer, the investment outfit things the price paid for UPC Switzerland is too high. Schuhbauer told Reuters that […]

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 […]