The second mobile operator in Switzerland, Sunrise, was said to have been in discussions with Liberty Global regarding a possible acquisition of UPC Switzerland since the beginning of February. Sunrise yesterday announced its agreement to buy Liberty Global’s Swiss cable operator in a CHF6.3bn deal to create a bigger challenger to Switzerland’s dominant telco Swisscom. Sunrise will pay Liberty Global CHF2.6bn in cash, and assume CHF3.6bn of UPC’s debt. It corresponds to 8X t
01 Mar 2019
A new merger between a mobile and cable operator in Europe
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A new merger between a mobile and cable operator in Europe
Swisscom AG (0QKI:LON) | 0 0 0.7% | Mkt Cap: 26,585m
- Published:
01 Mar 2019 -
Author:
Jean-Michel Salvador -
Pages:
2
The second mobile operator in Switzerland, Sunrise, was said to have been in discussions with Liberty Global regarding a possible acquisition of UPC Switzerland since the beginning of February. Sunrise yesterday announced its agreement to buy Liberty Global’s Swiss cable operator in a CHF6.3bn deal to create a bigger challenger to Switzerland’s dominant telco Swisscom. Sunrise will pay Liberty Global CHF2.6bn in cash, and assume CHF3.6bn of UPC’s debt. It corresponds to 8X t