Liberty Global


Sunrise chief claims growing support for Liberty Global deal

Sunrise is gaining shareholder support for its troubled agreement to buy UPC Switzerland from Liberty Global, which remains a “fantastic” opportunity to realise synergies and drive consolidation in the Swiss market, according to Sunrise CEO Olaf Swantee. Speaking to CNN, Swantee said that 75% of shareholders now back the revised capital increase planned by the […]

Viacom takes branded apps to Virgin Media

Viacom International Media Networks (VIMN) has agreed a new multi-year distribution deal with Virgin Media spanning TV channels, on-demand rights and a range of new streaming applications.  The deal will provide Virgin Media customers with continued access to MTV, Comedy Central, Nickelodeon, Nick Jr. and Paramount Network, as well as associated catch up rights and […]

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 […]