A Swiss court scheduled an oral hearing involving Salt Mobile and Sunrise to attempt to resolve a legal spat relating to a move by Liberty Global to acquire the latter.
In a statement, Sunrise said the Commercial Court of the Canton of Zurich plans to hear the operators’ arguments on 14 September, after a bid by Salt Mobile for an immediate injunction was rejected.
Salt Mobile believes the planned acqusition would breach the terms of a fibre joint venture [1] unveiled in May, Sunrise explained. But, it said this objection lacked “any merit, both on the facts and the law”.
Liberty Global made a move to acquire Sunrise [2] last month, in a CHF6.8 billion ($7.5 billion) deal.
Salt Mobile swiftly outlined concerns about the move, citing potential harm [3] to its business including contractual rights infringement and destruction of “significant value for Salt and its shareholders”.
[1] https://www.mobileworldlive.com/featured-content/top-three/sunrise-salt-mobile-plot-swisscom-fibre-challenge
[2] https://www.mobileworldlive.com/featured-content/home-banner/liberty-global-strikes-shock-sunrise-takeover-deal
[3] https://www.mobileworldlive.com/featured-content/home-banner/rival-mulls-throwing-salt-on-sunrise-liberty-deal
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