{"id":91255,"date":"2020-10-09T10:04:57","date_gmt":"2020-10-09T10:04:57","guid":{"rendered":"https:\/\/www.mobileworldlive.com\/?p=298701"},"modified":"2020-10-09T10:04:57","modified_gmt":"2020-10-09T10:04:57","slug":"sunrise-shareholders-back-liberty-global-deal","status":"publish","type":"post","link":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/2020\/10\/09\/sunrise-shareholders-back-liberty-global-deal\/","title":{"rendered":"Sunrise shareholders back Liberty Global deal"},"content":{"rendered":"

<\/p>\n

\tThe vast majority of shareholders in Swiss operator Sunrise agreed to a CHF6.8 billion ($7.4 billion) buyout offer from Liberty Global, with the proposed deal still subject to regulatory clearance.<\/p>\n

In a statement, Sunrise said Liberty Global\u2019s tender offer had been taken by investors representing almost 82 per cent of the company\u2019s share capital as of its expiry yesterday (8 October).<\/p>\n

Assuming the tender is formally declared successful, shareholders will have a further 10 days to sign-up, starting 15 October.<\/p>\n

On announcing the deal in August [1], Liberty Global said it aimed to create the leading converged operator in Switzerland using the combination of its cable assets and Sunrise\u2019s mobile operation. It also plans to step-up competition to incumbent Swisscom in the B2B sector.<\/p>\n

Liberty Global\u2019s takeover bid for Sunrise came as something of a shock after Sunrise had last year abandoned an attempt [2] to buy Liberty Global\u2019s local cable operation UPC Switzerland under severe pressure from shareholders.<\/p>\n

The latest proposed tie-up is also not without controversy, with rival mobile operator Salt [3] claiming the agreement breached the terms of a fibre joint venture [4] it set up with Sunrise earlier this year.<\/p>\n

Salt\u2019s subsequent attempt to get an immediate injunction to stop the Liberty Global deal was rejected by Commercial Court of the Canton of Zurich at a hearing last month.<\/p>\n

[1] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/liberty-global-strikes-shock-sunrise-takeover-deal
\n[2] https:\/\/www.mobileworldlive.com\/featured-content\/home-banner\/sunrise-at-war-with-top-shareholder-over-cable-deal
\n[3] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/sunrise-salt-row-over-liberty-global-deal-goes-to-court
\n[4] https:\/\/www.mobileworldlive.com\/featured-content\/top-three\/sunrise-salt-mobile-plot-swisscom-fibre-challenge<\/p>\n\n

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The vast majority of shareholders in Swiss operator Sunrise agreed to a CHF6.8 billion ($7.4 …<\/p>\n

The post Sunrise shareholders back Liberty Global deal<\/a> appeared first on Mobile World Live<\/a>.<\/p>\n<\/div>","protected":false},"author":246,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"slim_seo":{"title":"Sunrise shareholders back Liberty Global deal - ITTeacherITFreelance.hk","description":"The vast majority of shareholders in Swiss operator Sunrise agreed to a CHF6.8 billion ($7.4 ... The post Sunrise shareholders back Liberty Global deal appeared"},"footnotes":""},"categories":[11,8],"tags":[],"_links":{"self":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/91255"}],"collection":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/users\/246"}],"replies":[{"embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/comments?post=91255"}],"version-history":[{"count":1,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/91255\/revisions"}],"predecessor-version":[{"id":91256,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/posts\/91255\/revisions\/91256"}],"wp:attachment":[{"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/media?parent=91255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/categories?post=91255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itteacheritfreelance.hk\/wordpress\/index.php\/wp-json\/wp\/v2\/tags?post=91255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}