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› Liberty Global to take part in capital increase to finance Sunrise takeover of UPC Switzerland
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.
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Category:Telecommunications
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