WEKO greenlights Sunrise takeover

2 Nov 2020

Swiss antitrust authority the Competition Commission (COMCO, or Wettbewerbskommission, WEKO) has approved the planned takeover of full-service provider Sunrise Communications by UPC Switzerland, a wholly-owned subsidiary of UK-based cable group Liberty Global. No conditions or stipulations were imposed as part of the regulator’s approval. The announcement follows the completion of UPC’s public tender offer for all of the publicly held shares of Sunrise, which had a success rate of 96.48%. The transaction is expected to close in mid-November.

Switzerland, Sunrise (formerly Sunrise UPC), Sunrise Communications