0
General

Sunrise shareholder calls for exit of chairman, board member

Tuesday 10 September 2019 | 09:37 CET | News
Sunrise said it received a letter from Axxion, one of its shareholders, calling on the company to remove the chairman Peter Kurer and director Jesper Ovesen from the board. Axxion wants the measure on the agenda of the next extraordinary shareholders meeting of Sunrise, and the company said it would review the demand of the investor. 

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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: General
Companies: Sunrise / UPC
Countries: Switzerland
::: add a comment

Add 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

Sunrise cancels EGM as no majority on capital increase for UPC takeover

Published 22 Oct 2019 08:54 CET | Switzerland
Swiss operator Sunrise said it cancelled the extraordinary general meeting scheduled for 23 October to authorize the capital ...

Liberty Global to take part in capital increase to finance Sunrise takeover of UPC Switzerland

Published 14 Oct 2019 09:31 CET | Switzerland
Swiss operator Sunrise announced that Liberty Global will invest up to CHF 500 million in a combination of tradable rights and ...

Sunrise welcomes Ethos recommendation to approve capital increase for UPC Switzerland takeover

Published 08 Oct 2019 10:19 CET | Switzerland
Ethos has sent a recommendation to all the shareholders to support the acceptance of the CHF 2.8 billion capital increase. It ...

Axxion confirms opposition to Sunrise takeover of UPC Switzerland

Published 07 Oct 2019 09:47 CET | Switzerland
Sunrise shareholder Axxion has confirmed its opposition to the takeover of UPC Switzerland by Sunrise, Handelszeitung reports.   ...

Sunrise receives backing of three top shareholders for UPC Switzerland takeover

Published 23 Sep 2019 09:57 CET | Switzerland
The transaction "makes a lot of sense strategically," said one of the ten largest investors, adding that the purchase price of ...

Last week in telecoms: balance sheets taking centre stage, resistance against Sunrise's UPC deal increases

Published 16 Sep 2019 07:00 CET | Europe
Earnings season is coming to an end, giving operators and rating agencies a moment to look at the balance sheets. M&A was mostly ...

Swiss authority set to ask Sunrise for remedies for approval of UPC takeover - report

Published 12 Sep 2019 16:33 CET | Switzerland
Swiss competition commission Weko is set to ask Sunrise to provide remedies in order to approve the takeover of UPC Switzerland, ...

Activist investor AOC opposes Sunrise takeover of UPC Switzerland

Published 12 Sep 2019 15:43 CET | Switzerland
The activist investor Active Ownership Capital (AOC) said that it opposes the takeover of UPC Switzerland by Sunrise in its ...

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 ...

More Sunrise shareholders question UPC Switzerland deal - report

Published 02 Sep 2019 10:48 CET | Switzerland
One top ten Sunrise shareholder showed scepticism, saying that "the deal has to be significantly restructured" and adding that it ...

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 ...

Sunrise shareholder Freenet needs time to decide on UPC deal

Published 12 Apr 2019 08:20 CET | Switzerland
Sunrise's top shareholder, German group Freenet, needs time to decide whether to support the Swiss group's plans to buy Liberty ...

Sunrise AGM rejects capital renewal

Published 11 Apr 2019 16:53 CET | Switzerland
Swiss operator Sunrise's annual general meeting of shareholders approved all motions brought by the board of directors, except ...