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Sunrise terminates plan to buy UPC Switzerland

2019-11-13 11:00:09| Digital TV News

Liberty Global has received a notification of termination from Sunrise Communications regarding the amended Share Purchase Agreement concerning UPC Switzerland. The agreement provides for Sunrise to pay a CHF 50 million termination fee.

Tags: buy plan switzerland sunrise


Sunrise says UPC Switzerland takeover deal 'dead'

2019-10-22 15:43:00| Telecompaper Headlines

(Telecompaper) The acquisition of UPC Switzerland by Sunrise is unlikely to go ahead. Liberty Global said in a statement that it supports the decision of Sunrise to cancel the extraordinary general meeting scheduled for 23 October.   

Tags: deal dead switzerland sunrise


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


Outcome of EGM capital increase vote for Sunrise takeover of UPC Switzerland still uncertain - report

2019-10-04 09:14:00| Telecompaper Headlines

(Telecompaper) The takeover of UPC Switzerland by Sunrise is still opposed by shareholders who own at least 30 percent of the voting rights, a Reuters survey shows. The investors would vote against the capital increase to provide the financial means to support the transaction worth CHF 6.3 billion.   

Tags: report increase capital vote


UPC Switzerland starts offer of 1 Gbps broadband nationwide

2019-09-25 16:12:00| Telecompaper Headlines

(Telecompaper) UPC Switzerland said that it has started to offer 1 Gbps broadband internet nationwide. Customers who choose the gigabit service will receive a new Giga Connect Box with eleven integrated antennas for Wi-Fi connections. 

Tags: offer starts switzerland nationwide


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