Liberty Global Reiterates Commitment to Binding Terms of Sunrise’s Acquisition of UPC Switzerland
August 27 2019 - 12:00AM
Business Wire
Liberty Global notes the recent statements by Freenet AG and
Sunrise Communications with respect to the proposed acquisition of
Liberty’s Swiss operation by Sunrise, announced on February 27,
2019.
Liberty Global is fully committed to completing the transaction
as agreed. The company has not had any discussions regarding
amending the binding transaction terms, and has no intention or
interest in doing so. We are pleased with the continued turnaround
by UPC Switzerland, as demonstrated in our recently published
earnings announcement.
ABOUT LIBERTY GLOBAL
Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is one of the
world’s leading converged video, broadband and communications
companies, with operations in six European countries under the
consumer brands Virgin Media, Telenet and UPC. We invest in the
infrastructure and digital platforms that empower our customers to
make the most of the digital revolution. Our substantial scale and
commitment to innovation enable us to develop market-leading
products delivered through next-generation networks that connect 11
million customers subscribing to 25 million TV, broadband internet
and telephony services. We also serve 6 million mobile subscribers
and offer WiFi service through millions of access points across our
footprint.
In addition, Liberty Global owns 50% of VodafoneZiggo, a joint
venture in the Netherlands with 4 million customers subscribing to
10 million fixed-line and 5 million mobile services, as well as
significant investments in ITV, All3Media, ITI Neovision,
LionsGate, the Formula E racing series and several regional sports
networks.
For more information, please visit www.libertyglobal.com or
contact:
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