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

2019-10-14 09:31:00| Telecompaper Headlines

(Telecompaper) Swiss operator Sunrise announced that Liberty Global will invest up to CHF 500 million in a combination of tradable rights and subsequent subscription of newly issued shares in the capital increase to finance the acquisition of UPC Switzerland. This was a demand of some Sunrise shareholders, who found the price of the takeover too high, and called for Liberty Global to share in the risk of merging the two operators. 

Tags: part increase global finance

Category:Telecommunications

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