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).
The possible acquisition of Liberty Global’s Swiss cable operator UPC Schweiz by Swiss telecommunications company Sunrise Communications Group is further taking shape.
Swiss telecommunications company Sunrise has confirmed that it is in discussions with Liberty Global regarding a possible acquisition of its Swiss cable subsidiary UPC Schweiz.
Swiss telecommunications company Sunrise is apparently in advanced talks to buy Liberty Global’s cable business in Switzerland, UPC.
Eric Tveter, outgoing CEO of Switzerland’s largest cable operator UPC, is in favour of merging his company with another market player.
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.
Liberty Global is in talks with Sunrise Communications Group about a potential partnership to combine and expand their businesses in Switzerland, reports Bloomberg with reference to people having knowledge of the matter.
Liberty Global considers strengthening its Swiss cable subsidiary UPC through acquisitions.
Swiss telecommunications company Sunrise expands its sports portfolio and now offers its IPTV customers a total of 572 Bundesliga and 2nd-division Bundesliga games, plus tennis, golf and other sports highlights, all via the Sky Sport app that comes with the TV Box UHD.
Liberty Global is exploring the sale of its cable subsidiaries in Switzerland and Austria.