Liberty Global


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 […]

Ex-Liberty exec Tveter to chair London-based esports outfit

Former Liberty Global executive Eric Tveter has been named as the first chairman of London-based esports startup Veloce Esports and has become a major investor in the company. Veloce was founded by Formula E motorsports champion Jean-Eric Vergne, racing drivers, Rupert Sevendsen-Cook and Jack Clarke and sports agent Jamie Maclaurin and has a focus on […]

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 […]

Vodafone and Unitymedia begin joint marketing of products

Vodafone and Unitymedia, the former Liberty Global German operation it took control of last month, have begun marketing joint fixed-mobile and mobule  products across their combined network of retail outlets in North-Rhine Westphalia, Hesse and Baden-Württemberg. The pair’s joint marketing initiatives include providing coupons for benefits such as mini wireless routers, additional data for mobile and […]

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 […]

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 […]

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