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Swiss competition authority grants Liberty Global green light for Sunrise takeover

October 30, 2020 10.43 Europe/London By Jörn Krieger

The Swiss Competition Commission (WEKO) has approved the acquisition of telecommunications company Sunrise by Liberty Global’s subsidiary UPC.

The transaction, which was announced in August 2020, creates the second-largest telecommunications group in Switzerland after Swisscom. Like Swisscom, UPC/Sunrise will have its own mobile and fixed network infrastructure.

According to the competition authority, there is no threat that effective competition will be eliminated, adding that UPC/Sunrise and Swisscom are not expected to engage in future coordination. Therefore, WEKO approved the acquisition without conditions or obligations.

One year ago Sunrise planned to take over UPC. WEKO examined the takeover in detail and approved it. Subsequently, however, the majority of the shareholders rejected the purchase.

In the current merger case, WEKO re-examined the market conditions, which in its opinion remained largely unchanged.

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Filed Under: Cable, Editor's Choice, Newsline, Regulation, Telco Tagged With: Liberty Global, Sunrise, Swisscom, UPC, Weko Edited: 2 November 2020 09:52

About Jörn Krieger

Jörn reports on the latest developments in Germany, Austria and Switzerland. Since 1992, he has been working as a freelance journalist, specialised in digital media, broadcast technology, convergence and new markets. He also takes up University lectureships, writes articles in specialist publications, and produces radio reports. Jörn is also a moderator of panel discussions at industry events such as ANGA COM, Medientage München and IFA Berlin.

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