Close
Close

Published

Freenet playing with fire forcing Liberty Global’s Swiss arm

In what is likely the first of many in Liberty Global’s mass European exodus, the sale of UPC Switzerland to local operator Sunrise is to be placed under the microscope of regulators following the vehement veto by German telco Freenet, a quarter-shareholder in Sunrise, in early March. Liberty Global could be forced to extreme lengths in order to pass the deal and we fear for anyone getting in its way, considering regulatory approval is largely expected, no thanks to the Dutch mess which has set the bar for European cable consolidation. As a repeated anti-Liberty Global advocate, Sunrise has taken proceedings up a notch with the recruitment of US investment bank Citi to investigate the $6.3 billion deal for the…

Close