Sunrise shareholders accept Liberty Global’s takeover offer
OCTOBER 12, 2020 09.24 EUROPE/LONDON BY ROBERT BRIEL

The vast majority of shareholders in Swiss operator Sunrise agreed to a CHF6.8 billion buyout offer from Liberty Global, Sunrise said In a statement.

The news follows Liberty Global’s offer in August to take over Sunrise, after the failed acquisition of Swiss cable operator UPC by Sunrise.

The move by Liberty Global is also not without controversy, with rival mobile operator Salt claiming the agreement breached the terms of a fibre joint venture it set up with Sunrise earlier this year.