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.
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).
Karin Schmidt to leave Sunrise
Sunrise Communications Group has announced that Karin Schmidt, Chief Human Resources Officer and Member of the Executive Leadership Team, has decided to leave the company to pursue new challenges.