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Stubborn Freenet tests patience with $500m Liberty carrot snub

The extent of Freenet’s fervent opposition to allowing Sunrise, in which it owns a majority stake, to purchase Liberty Global’s Swiss UPC cable unit reached new heights this week – rejecting a sizable sweetener from John Malone’s company to the tune of half a billion dollars. German telco Freenet has donned a ballsy attitude in this stalemate to say the least, standing firm against the US cable cowboy throughout 2019. But could this approach come back to bite Freenet where it hurts, or will Freenet eventually force Liberty into a remarkable deal? Snubbing a $500 million check towards financing the $6.3 billion deal will certainly instigate some investor unrest; like there wasn’t plenty of that already. So, with Freenet reiterating…

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