UPC Switzerland


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 […]

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 […]

Swiss competition body approves Sunrise acquisition of UPC Switzerland

Sunrise’s acquisition of Liberty Global-owned UPC Switzerland has been approved by the Swiss Competition Commission (COMCO). The approval, announced on Thursday, was granted without any conditions or stipulations.  Sunrise was pleased with the decision, and said that it expects the transaction to open up significant cross-selling opportunities along with creating added value for its shareholders.  […]

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 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 […]

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 […]

Freenet ‘not satisfied’ with Sunrise/UPC Switzerland deal 

German operator, and Sunrise’s largest shareholder, Freenet will vote against the telco’s proposed takeover of UPC Switzerland. Freenet, which owns a 24.5% stake in Sunrise, issued a statement that said: “Freenet is not satisfied with Sunrise’s acquisition of UPC Switzerland for a purchase price of CHF6.3 billion (€5.8 billion) and decided to vote against the […]

Swiss regulator launches in-depth probe of Liberty Global-Sunrise deal

Switzerland’s competition watchdog is to launch an in-depth examination of telecom operator Sunrise’s planned acquisition of UPC Switzerland from Liberty Global. Sunrise said the announcement of the detailed probe of the deal by COMCO/WEKO was in “in line with [its] expectation”. COMCO said that its preliminary look at the deal had revealed some indications that […]