The vast majority of shareholders in Swiss operator Sunrise have agreed to a CHF6.8 billion buyout offer from Liberty Global, Sunrise said in a statement.
The news follows Liberty Global’s offer in August to take over Sunrise, after the failed acquisition of Swiss cable operator UPC by Sunrise.
The move by Liberty Global is also not without controversy, with rival mobile operator Salt claiming the agreement breached the terms of a fibre joint venture it set up with Sunrise earlier this year.
