Sunrise

Sunrise names new CFO as consumer chief departs

Swiss service provider Sunrise has named Uwe Schiller, previously SVP of finance and investor relations as its new CFO with immediate effect, following the appointment of former CFO André Krause as CEO. Schiller has 20 years’ experience within Sunrise, having held management positions in networks before joining the finance department in 2003. He played a key […]

Sunrise CEO and chairman quit following botched UPC deal

Sunrise Switzerland CEO Olaf Swantee has resigned from his role following the failed CHF6.3 billion (€5.67 billion) acquisition of Liberty Global’s UPC Switzerland. Chairman Peter Kurer and vice chair Peter Schöpfer also announced that they will not run for re-election. Both Kurer and Swantee were the public figures pushing for the deal and were left humiliated […]

Liberty Global ends all hope of UPC Switzerland-Sunrise deal

Liberty Global has put to bed any idea of resuming talks with Sunrise over the latter’s proposed acquisition of UPC Switzerland. The US operator has issued a statement officially terminating discussions surrounding the sale of UPC Switzerland to Sunrise. While the statement is conclusive, it does not indicate that Liberty holds any ill will towards […]

Plume signs smart home deals with VOO, Sunrise

Smart home services platform provider Plume has announced two new deals with VOO and Sunrise.  The vendor earlier this year signed deals in the UK with TalkTalk and Virgin Media. The agreement with VOO will see subscribers in Belgium offered VOO WiFi+, a smart home service offering that has been designed to “improve, personalise and […]

Sunrise puts end to UPC acquisition

Sunrise has officially ended its interest in acquiring Liberty Global-owned UPC Switzerland.   While both parties were keen on the CHF6.3 billion (€5.67 billion) deal, repeated opposition from Freenet – which holds a 24.5% stake in Sunrise – ultimately proved to be its undoing.  The company had initially scheduled an EGM to approve the announced reduction […]

Sunrise extends 4K OTT TV service to Samsung smart TVs

Swiss operator Sunrise has extended the availability of what it describes as the first live 4K OTT TV app in the country. The OTT service is now available on Samsung smart TVs, and customers signing up to Sunrise TV neo max along with a Sunrise internet subscription will receive a new 55-ience Samsung TV “as […]

UPC deal in limbo after Sunrise scraps EGM 

Sunrise’s CHF6.3 billion deal to acquire UPC Switzerland from Liberty Global hangs in the balance after the former announced it has cancelled a planned EGM on October 23. The company had initially scheduled an EGM to approve the announced reduction in the size of the rights issue planned to finance its acquisition of UPC Switzerland. […]

Freenet rejects Liberty Global’s offer to take part in Sunrise-UPC Switzerland deal

Freenet, the largest shareholder in Sunrise, is still opposed to the Swiss service provider’s deal to buy Liberty Global’s UPC Switzerland, despite a new offer from the US seller to take part in the deal. With Freenet vocally opposed to the deal for months, Liberty Global attempted to smooth things over by announcing an agreement […]

Sunrise suffers setback as another proxy adviser rejects UPC plan

Swiss service provider Sunrise has suffered another setback to its efforts to secure shareholder approval for its planned acquisition of Liberty Global-owned UPC Switzerland. According to Reuters, proxy adviser ISS has recommended shareholders to vote against the revised rights issue proposed by the operator to finance the acquisition, citing a note sent to its clients […]

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