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Sunrise takeover of Liberty Worldwide unit under review by level of competition authorities By Reuters


© Reuters. Swiss telecom enterprise Sunrise’s brand is observed at an office developing in Zurich

ZURICH (Reuters) – Sunrise Communications on Monday mentioned the Swiss competition authorities have made the decision to “take a look at in detail” its planned $6.3 billion takeover of Liberty Global’s Swiss UPC cable business enterprise.

Sunrise mentioned they anticipated the review, including it expected the offer to be accredited, stating “the takeover of UPC Switzerland will intensify level of competition in the telecommunications market.”

Dawn claimed it predicted a choice by the commencing of Oct 2019 at the latest and predicted completing the offer in the fourth quarter.

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