The perfect match

What?

Liberty Global (through UPC Schweiz GmbH) now holds more than 98% of the share capital of Sunrise Communications Group AG. Sunrise is expected to become a wholly-owned subsidiary within the Liberty Global group.

How?

Liberty Global will initiate a squeeze-out according to the Swiss Financial Market Infrastructure Act and plans to have the Sunrise shares delisted from the SIX Swiss Exchange upon completion of the squeeze-out. Sunrise and UPC Schweiz will continue to operate independently until the integration of the two companies is completed in early 2021.

Why?

Great connectivity has never been more important, and we’ve demonstrated that we’re experts at bringing the best of mobile and fixed broadband together in multiple markets. It always leads to higher customer satisfaction and more investment in next-generation technologies.

"This powerful combination of 5G wireless and gigabit broadband will accelerate digital investment at a time when connectivity has never been more essential. Fixed-mobile convergence is the future of the telecom sector in Europe, and now Switzerland will have a true national challenger to drive competition and innovation for years to come."

Mike Fries
CEO of Liberty Global

Putting customers first

Best-in-class connectivity

1Gbps broadband for 90% of Swiss households by 2021, combined with the nation’s most reliable mobile network, which includes 5G

Best entertainment

Combining Liberty Global's industry-leading video platform with Sunrise's existing TV offer

More choice

Enhanced “bundled” offers, combining mobile, broadband and TV for all customers

Uniting strong brands and cultures

Shared values

Our businesses have grown from similar DNA – a willingness to pioneer change and be the customer champion.

Committed to our people

Creating an even better place to work, with more opportunity, more variety and the same positive cultures both brands have always enjoyed.

Passionate about customers

Consistently putting customers and innovation at the forefront of everything we do.

Driving economic growth

Businesses

More choice and better services for B2B customers, from small businesses to large enterprises, schools and hospitals, increasing productivity, advancing digitization and boosting investment

More investment

Building on the historic investments of both companies of more than CH5.6 billion in critical digital infrastructure in Switzerland, the combined company will be able to invest even more efficiently and strategically in next generation technologies.

Next-generation networks

UPC Switzerland’s next-generation fixed network with its extensive fibre backbone will further strengthen Sunrise’s leading position in both 4G and 5G

A national connectivity challenger

CHF 3.1bn

Combined revenue

6m

Broadband, TV, voice & mobile* connections
post-paid

Over 3,500

Combined employees

This deal creates a fantastic and unique opportunity to create a new combined company, with significant benefits for consumers and businesses across Switzerland, as well as providing growth opportunities for our employees. We are building the future of Switzerland with the scale to drive competition, innovation and customer choice, at a time when connectivity, communication and home entertainment have never been more essential. With Liberty Global backing this deal we have the resources to make a difference in the Swiss market. We are very happy that we can join forces with Sunrise by combining great networks, leading brands and commercial strategies as well as uniting cultures.

Baptiest Coopmans
Chief Executive Officer of UPC CH

Sunrise has delivered on its quality- focussed strategy and built one of the best mobile networks worldwide. We have successfully gained market share in all our businesses, underpinned by our strong focus on customer centricity, service excellence and innovation. We are very proud of what our employees have achieved and believe that the combination with UPC will enable the combined company to become the leading fully converged challenger in the market.

Andre Krause
CEO of Sunrise

For Investors

Investor Relations Contacts

Liberty Global

Max Adkins madkins@libertyglobal.com
+44 20 8483 6336
John Rea jrea@libertyglobal.com
+1 303 220 4238
Stefan Halters shalters@libertyglobal.com
+44 20 8483 6211

Sunrise

Uwe Schiller uwe.schiller@sunrise.net
+41 76 777 88 81
Stephan Gick Stephan.gick@sunrise.net
+41 58 777 96 86

For Media

Media Relations Contacts

Liberty Global

Molly Bruce mbruce@libertyglobal.com
+1 303 220 4202
Matt Beake mbeake@libertyglobal.com
+44 20 8483 6428

UPC Switzerland

Alexandra Bini alexandra.bini@upc.ch
+41798219168
Stephanie Niggli stephanie.niggli@upc.ch
+41764023933

Sunrise

Therese Wenger therese.wenger@sunrise.net
+41 76 777 88 81
Media Hotline media@sunrise.net
+41 58 777 96 86

Important Additional Information

This website is for informational purposes only and does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer, to purchase or subscribe for any registered shares in Sunrise or Sunrise’s ADSs, nor shall it form the basis of, or be relied on in connection with, any contract therefor. Shareholders of Sunrise are urged to read the documents relating to the tender offer described on this website (the Offer), which are available on this website. The Offer has closed, but Liberty Global reserves the right to purchase additional Sunrise shares prior to the squeeze-out in accordance with all applicable laws.

Note to Investors Concerning Forward-Looking Statements

This website and the documents on this website contain forward-looking statements within the meaning of the United States (U.S.) Private Litigation Reform Act of 1995. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect”, “anticipate”, “intend”, “plan”, “believe”, “seek”, “see”, “will”, “would”, “may”, “target”, and similar expressions and variations or negatives of these words. These forward-looking statements may include, among other things, statements relating to the outlook in Switzerland of Sunrise and Liberty Global; operational expectations, including with respect to the development, launch and benefits of innovative and advanced products and services, including gigabit speeds, new technology and next generation platform rollouts or launches; future growth prospects and opportunities, results of operations, uses of cash, tax rates, and other measures that may impact the financial performance of the companies; anticipated benefits and synergies and estimated costs of the Offer; and other information and statements that are not historical facts. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied by these statements. These risks and uncertainties include events that are outside of the control of the parties, such as: (i) Sunrise’s, Liberty Global’s, and their respective operating companies’ ability to meet challenges from competition and to achieve forecasted financial and operating targets; (ii) the effects of changes in laws or regulations; (iii) general economic, legislative, political and regulatory factors, and the impact of weather conditions, natural disasters, or any epidemic, pandemic or disease outbreak (including COVID-19); (iv) Liberty Global’s and its affiliates’ ability to successfully integrate Sunrise and realize anticipated efficiencies and synergies from the Offer; (v) the outcome of any potential litigation that may be instituted with respect to the Offer; (vi) the potential impact of unforeseen liabilities, future capital expenditures, revenues, expenses, economic performance, indebtedness, financial condition on the future prospects and business of Sunrise’s and Liberty Global’s Swiss business after the consummation of the Offer; and (vii) management’s response to any of the aforementioned factors. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, please see Liberty Global’s filings with the U.S. Securities and Exchange Commission (the SEC), including Liberty Global’s most recently filed Form 10-Q. These forward-looking statements speak only as of the date of the document in which such statements are made. Sunrise and Liberty Global expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained in this website and in the documents on this website to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.