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.
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.
EU clears Vodafone/Liberty Global cable deal under conditions
The European Commission has approved the acquisition of Liberty Global’s cable business in Germany, the Czech Republic, Hungary and Romania by Vodafone.
Lutz Schüler to become new Virgin Media CEO
Liberty Global has appointed Lutz Schüler as the new CEO of Virgin Media, the company’s cable operations in the UK and Ireland, effective June 11, 2019.
Sunrise to acquire UPC Switzerland from Liberty Global
Swiss telecommunications company Sunrise has agreed to acquire cable operator UPC Switzerland, a wholly-owned subsidiary of Liberty Global, for an enterprise value of CHF6.3 billion (€5.5 billion).
Diederik Karsten leaves in Liberty Global reorg
Liberty Global’s Chief Commercial Officer Diederik Karsten is to leave the cable and broadband operator after the completion of a number of M&A transactions.
European Commission opens full deal review of Vodafone, Liberty acquisition
The European Commission (EC) has concerns about Vodafone’s proposed acquisition of Liberty Global’s subsidiaries in Germany, the Czech Republic, Hungary and Romania and has therefore opened an in-depth investigation.
Fries: Ireland will prosper after Brexit
Ireland will do well regardless of the outcome of Brexit, according to Liberty Global CEO Mike Fries.
Lutz Schüler to move to Virgin Media from Unitymedia
Lutz Schüler, currently CEO of German cable operator Unitymedia, will become Chief Operating Officer of UK cable company Virgin Media from September 10, 2018.
Liberty sells to Vodafone in Germany and three CEE markets
Liberty Global has agreed to sell its operations in Germany, Hungary, Romania and the Czech Republic to Vodafone for €19 billion ($22.7 billion) on a US GAAP basis, compared to €18.4 billion ($22 billion) on an EU-IFRS basis.
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