By Stephen Nakrosis 
 

Swiss telecommunications company Sunrise Communications Group AG (SRCG.EB) said Tuesday a possible deal for Liberty Global PLC's (LBTYA) wholly owned subsidiary, UPC Schweiz GmbH, would have an enterprise value of 6.3 billion Swiss francs ($6.3 billion).

Earlier this month, Sunrise confirmed it was in advanced talks with Liberty Global over a possible acquisition of UPC Schweiz.

UPC is a Swiss cable operator, Sunrise said.

Sunrise added it "will only pursue a transaction if it is strategically compelling and demonstrably value creative" for shareholders.

No final decision has been made on a deal, Sunrise said.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

February 26, 2019 18:40 ET (23:40 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Liberty Global (NASDAQ:LBTYA)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Liberty Global Charts.
Liberty Global (NASDAQ:LBTYA)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Liberty Global Charts.