Sunrise confirms UPC takeover talks

6 Feb 2019

Swiss full-service provider Sunrise has issued a statement confirming that it is in talks regarding a potential acquisition of UPC Switzerland from Liberty Global. The company stressed, however, that there was no certainty that any transaction would be agreed, adding: ‘Sunrise will only pursue a transaction that is strategically compelling and demonstrably value-creative for its shareholders.’

As noted by TeleGeography’s GlobalComms Database, UPC and Sunrise claimed broadband subscriber bases of 712,400 and 448,700 respectively at the end of September 2018, giving the pair a combined market share of approximately 29.5%, compared to state-owned market leader Swisscom, which had a market share of around 51.7% at that date.

Switzerland, Liberty Global (incl. LGI), Sunrise Communications, UPC Switzerland