The planned takeover of Swiss cable operator UPC by Sunrise has finally failed. The Swiss telecommunications company has terminated the share purchase agreement with UPC parent company Liberty Global.
Freenet’s waipu.tv on growth course
German internet TV platform waipu.tv had around 366,000 subscribers on September 30, 2019, exceeding the expected number of over 350,000 paying customers for 2019 as a whole.
Sunrise cancels UPC takeover assembly with consent from Liberty Global
The showdown between the supporters and opponents of Sunrise’s takeover of UPC Switzerland will not take place for the time being: The Swiss telecommunications company pulls the emergency brake and, with approval by UPC parent company Liberty Global, cancels the extraordinary general meeting (EGM) scheduled for October 23, 2019.
Liberty Global steps in to rescue UPC/Sunrise deal
In a bid to rescue the uncertain takeover of its subsidiary UPC Switzerland by Swiss telecommunications company Sunrise, Liberty Global is to participate in the capital increase arranged to finance the deal and become a shareholder in the combined entity.
Exclusive: Freenet still rejects UPC acquisition by Sunrise
Despite the downsized capital increase, Sunrise’s largest shareholder Freenet continues to reject the acquisition of UPC Switzerland from Liberty Global.
Sunrise reduces capital increase for UPC acquisition
Faced with strong resistance by its main shareholder, Swiss telecommunications provider Sunrise is giving in and reducing its capital increase for the planned takeover of cable operator UPC Switzerland.
Swiss competition authority approves acquisition of UPC
After an in-depth examination, Swiss competition commission WEKO has decided to raise no objections against the acquisition of Liberty Global subsidiary UPC Switzerland by Sunrise and has approved the transaction.
Liberty Global stays committed to UPC/Sunrise deal
Liberty Global remains committed to selling its Swiss cable subsidiary UPC to local telco Sunrise under the agreed terms.
Freenet opposes UPC acquisition by Sunrise
German media company Freenet, a major shareholder in Sunrise, will vote against the Swiss telco’s proposed takeover of cable operator UPC Switzerland, arguing that the price was too high and the conditions unfavourable.
Freenet gains with waipu.tv and Freenet TV
German internet TV platform waipu.tv has increased its number of registered customers on June 30, 2019 by 923,900 year-on-year to around 1.748 million customers.
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