CVC acquires Swiss operator Sunrise from TDC

Friday 17 September 2010 | 08:49 CET | News
CVC Capital Partners (CVC) and TDC have reached a definitive agreement for investment funds advised by CVC to acquire Swiss telecommunications operator Sunrise. The transaction values Sunrise at an enterprise value of CHF 3.3 billion. With the new owner Sunrise will be able to continue its current challenger strategy whilst maintaining its high level of investment in infrastructure and distribution. The completion of this transaction is expected to occur in the fourth quarter, once approvals have been obtained from the Swiss competition and relevant regulatory authorities. The sale follows

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Categories: General
Companies: Sunrise / TDC Mobil
Countries: Switzerland
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