Sunrise UPC has confirmed it will make 450 redundancies as part of its restructuring plan, representing 13.5% of its total workforce of 3,350.
Lars Riedel has joined Vodafone Deutschland as the new Head of Consumer Entertainment on February 1, 2021.
Sunrise UPC has officially appointed its executive leadership team mixing talent from both of the Swiss companies.
Liberty Global has announced executives from both Sunrise Communications and Virgin Media will lead its recently expanded Swiss operation.
Liberty Global has completed its acquisition of Sunrise Communications.
The Swiss Competition Commission (WEKO) has approved the acquisition of telecommunications company Sunrise by Liberty Global’s subsidiary UPC.
Liberty Global has announced that 43,670,149 Sunrise shares have been tendered, corresponding to 96.48% of the fully diluted share capital of Sunrise.
The vast majority of shareholders in Swiss operator Sunrise have agreed to a CHF6.8 billion buyout offer from Liberty Global, Sunrise said in a statement.
Swiss telecommunications company Salt considers suing Sunrise, arguing that its competitor’s sale to Liberty Global would be in breach of an agreement signed months earlier.
After the failed acquisition of Swiss cable operator UPC by local telco Sunrise, UPC parent company Liberty Global is now turning the tables and wants to take over Sunrise.