0
Broadband

Sunrise receives backing of three top shareholders for UPC Switzerland takeover

Monday 23 September 2019 | 09:57 CET | News
The transaction "makes a lot of sense strategically," said one of the ten largest investors, adding that the purchase price of CHF 6.3 billion in cash "is not cheap". Two other top 20 shareholders also backed the acquisition. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Fixed
Companies: Sunrise / UPC
Countries: Switzerland
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Liberty Global agrees new deal to merge UPC and Sunrise in CHF 6.8 bln takeover

Published 12 Aug 2020 09:48 CET | Switzerland
Liberty Global announced a new attempt to merge its Swiss business UPC with Sunrise. The company has agreed a takeover of Sunrise ...

Liberty Global confirms end of discussions with Sunrise over takeover of UPC Switzerland

Published 17 Dec 2019 10:57 CET | Switzerland
Liberty Global announced that it has terminated discussions regarding the takeover of UPC Switzerland by Sunrise. Mike Fries, ...

Sunrise says UPC Switzerland takeover deal 'dead'

Published 22 Oct 2019 15:43 CET | Switzerland
The acquisition of UPC Switzerland by Sunrise is unlikely to go ahead. Liberty Global said in a statement that it supports the ...

Swiss competition authority approves UPC takeover by Sunrise

Published 26 Sep 2019 09:16 CET | Switzerland
Swiss competition commission Weko announced that it has approved the takeover of UPC Switzerland by Sunrise. Weko conducted an ...

Sunrise shareholder calls for exit of chairman, board member

Published 10 Sep 2019 09:37 CET | Switzerland
Sunrise said it received a letter from Axxion, one of its shareholders, calling on the company to remove the chairman Peter Kurer ...

Sunrise receives fairness opinion supporting UPC takeover

Published 04 Sep 2019 14:59 CET | Switzerland
Swiss operator Sunrise said that the fairness opinion of the consulting firm ValueTrust supports the agreed financial terms of ...

Sunrise certain of shareholders support for UPC takeover, to publish independent opinion on deal

Published 28 Aug 2019 09:40 CET | Switzerland
Swiss operator Sunrise is convinced that it will receive the support of its shareholders to bring to the deal to purchase UPC ...

Sunrise suspends Freenet board members, to push ahead with UPC takeover

Published 22 Aug 2019 12:09 CET | Switzerland
Swiss operator Sunrise has rejected shareholder Freenet's opposition to its planned takeover of UPC Switzerland and said it will ...





Calendar   /   Industry Events

02 Aug SBA Communications Q2
02 Aug NXP Semiconductors Q2
02 Aug Arista Networks Q2
02 Aug Ceragon Networks Q2
02 Aug DSP Group Q2 2021
02 Aug ON Semiconductor Q2
02 Aug DZS Q2
02 Aug Harmonic Q2
03 Aug Infinera Q3 2021
03 Aug Akamai Technologies Q2 2021
03 Aug NeoPhotonics Q2 2021
03 Aug Alibaba Q2 2021
03 Aug RingCentral Q2 2021
03 Aug Bredband2 Q2 2021
03 Aug Sequans Q2 2021
04 Aug Intred Q2 2021
04 Aug Softbank fiscal Q1
04 Aug Lumen Technologies Q2
04 Aug EA fiscal Q1
04 Aug Viavi Q4
04 Aug 8x8 fiscal Q1
04 Aug Digi International fiscal Q3
04 Aug Roku Q2 2021
04 Aug Inseego Q2 2021
04 Aug Qorvo fiscal Q1
04 Aug Aferian interim results
04 Aug Liberty Latin America Q2 2021
04 Aug Smith Micro Q2 2021
05 Aug Motorola Solutions Q2
05 Aug Frontier Communications investors meeting
::: More Calendar Items