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.
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.
Virgin offer gigabit broadband to 100,000 Southampton homes
Virgin Media has launched a home broadband service that runs at speeds 20 times faster than the UK average.
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.
FRK to take legal action against Vodafone/Unitymedia merger
German cable operator association FRK intends to take legal action against the European Commission’s decision to approve the acquisition of Liberty Global’s German cable subsidiary Unitymedia by Vodafone.
Liberty Global’s former Central Europe CEO invests in Veloce Esports
Eric Tveter, former Central Europe CEO of Liberty Global, has become a major investor and the first chairman of London-based start-up Veloce Esports.
Sky could invest in Liberty Global fibre network
Sky is in talks over a potential investment that could see it join Liberty Global in the build of a new fibre network to compete with BT.
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