Sunrise Communications Puts CHF6.3 Billion Price Tag on UPC Swiss GmbH Deal
February 26 2019 - 06:55PM
Dow Jones News
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
Liberty Global (NASDAQ:LBTYA)
Historical Stock Chart
From Mar 2023 to Mar 2024