UPC Switzerland

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 […]

Insight TV extends Swiss coverage with UPC deal

4K UHD HDR channel Insight TV has launched on UPC Switzerland’s platform, expanding its reach in the Swiss market, where it is available on all three other major platforms.  The launch means that UPC subscribers will be able to view 4K UHD content including Street Kings in Jail, esports show Modern Day Gladiators and Ghost […]

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 […]

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 […]

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 […]

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 […]

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