Liberty Global-owned UPC Switzerland has acquired local cable networks in Glarus, Kaltbrunn and Weggis-Vitznau-Gersau. The acqusitions bring a total of around 13,000 households to which UPC services were previously available via partner networks. Subscribers continue to be able to benefit from the UPC portfolio, which will now be offered from a single source, the company […]
Swiss stock exchange body SIX Exchange Regulation AG has approved the delisting of the registered shares of Sunrise Communications Group with a nominal value of CHF1.00 each from the SIX Swiss Exchange. The last trading day and the effective date of delisting will be determined when the legally binding squeeze-out of remaining shareholders occurs. SIX […]
Sunrise UPC – the new combined Swiss operator from the merger of Sunrise and Liberty Global’s UPC Switzerland – has named its executive committee headed by the company’s CEO, former Sunrise chief executive André Krause. The committee comprises Krause, deputy CEO and chief operating officer Severina Pascu – previously deputy CEO at Virgin Media – […]
Liberty Global is hoping part-owned Belgian operator Telenet will take advantage of the renewed sale of Wallonia-region cable operator Voo to create a national-scale player in the country, according to CEO Mike Fries. Speaking at the Morgan Stanley European Technology, Media and Telecom conference online last week, Fries said that the acquisition of Voo by […]
Liberty Global has confirmed that it has completed the acquisition of Swiss operator Sunrise. The completed deal is something of a fast turnaround, considering it was announced exactly three months ago. At the time, Liberty said that the combination of Sunrise and its Swiss business UPC would generate revenues of CHF3.1 billion (€2.87 billion) with […]
Despite a difficult financial climate, Liberty Global is still bullish on its planned mergers and acquisitions. Announcing its financial results, Liberty Global confirmed that it has been impacted by the pandemic, with revenues down by 1.3% on an organic basis including US$40 million in “low margin Covid-19 related factors.” Adjusted EBITDA also saw a dip […]
Swisscom has added Liberty Global-owned rival UPC Switzerland’s premium sports service MySports to its TV offering, bringing the country’s popular ice hockey league games to its customers. The move, which follows a reciprocal deal struck between the pair in July whereby the pair agreed the distribution of iMySports, and Swisscom-backed pay TV offering Teleclub on […]
Liberty Global’s Swiss subsidiary UPC Switzerland has secured 82% of the share capital of mobile-focused service provider Sunrise following its public tender offer for the company. The number of Sunrise shares tendered meant that Liberty was able to claim that, subject to confirmation, the minimum acceptance threshold of two thirds of Sunrise’s shares had been […]
Swiss service provider Salt has said it is contemplating legal action against Sunrise in relation to the latter’s planned acquisition by Liberty Global’s UPC Switzerland. The official prospectus for the latter was published today. Salt’s threat of legal action relates to the fibre-to-the-home JV the pair agreed to set up to deploy FTTH networks across […]
Liberty Global has agreed to acquire Swiss telecom operator Sunrise in a move that completely turns around its failed sale of UPC Switzerland to Sunrise last year. Liberty has agreed agreed to make an all cash public tender offer for all publicly held shares of Sunrise at a price of CHF110 per share, representing a […]
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