Swiss telecommunications company Sunrise is apparently in advanced talks to buy Liberty Global’s cable business in Switzerland, UPC.
This is reported by the Financial Times with reference to people with direct knowledge of the situation. It is, however, unclear when a deal would be announced and one person involved in the talks warned that the negotiations could still fall apart, according to the paper.
Liberty Global has been favourable towards consolidation in the Swiss market with its total of four full service providers, but the company was expected to rather buy than sell.
Discussions between Liberty Global and Sunrise regarding a combination of their assets in Switzerland have been going on for a while.
Exiting Switzerland would be in line with Liberty Global’s recent moves to sell its cable subsidiaries in Austria as well as in Germany and Eastern European countries.
