Public tender offer for all publicly held registered shares with a nominal value of CHF 1.00 each of Sunrise, Switzerland

Öffentliches Kaufangebot für alle sich im Publikum befindenden Namenaktien mit einem Nennwert von je CHF 1.00 von Sunrise, Schweiz

Offre publique d’acquisition sur toutes les actions nominatives d’une valeur nominale de CHF 1.00 chacune en mains du public de Sunrise, Suisse

Offer Restrictions | Angebotsrestriktionen | Restrictions à l’Offre 

The tender offer described in the documents made available on this website (the Offer) will not be made, directly or indirectly, in any country or jurisdiction in which it would be considered unlawful or otherwise violate any applicable laws or regulations, or which would require Liberty Global plc (Liberty Global) or any of its subsidiaries to change or amend the terms or conditions of the Offer in any material way, to make an additional filing with any governmental, regulatory or other authority or take additional action in relation to the Offer. It is not intended to extend the Offer to any such country or jurisdiction. Any such documents relating to the Offer must neither be distributed in any such country or jurisdiction nor be sent into such country or jurisdiction, and must not be used for the purpose of soliciting the purchase of securities of Sunrise Group Ltd. (Sunrise) by any person or entity resident or incorporated in any such country or jurisdiction.

Das in den auf dieser Website verfügbar gemachten Dokumenten beschriebene öffentliche Kaufangebot (das Angebot) wird weder direkt noch indirekt in einem Land oder einer Rechtsordnung gemacht oder gemacht werden, in welchem/welcher das Angebot widerrechtlich wäre, oder in welchem/welcher es in anderer Weise anwendbares Recht verletzen würde, oder in welchem/welcher Liberty Global plc (Liberty Global) oder eine ihrer Tochtergesellschaften verpflichtet wäre, irgendeine wesentliche Änderung oder Anpassung der Bestimmungen oder Bedingungen, ein zusätzliches Gesuch bei staatlichen oder regulatorischen Behörden oder zusätzliche Handlungen in Bezug auf das Angebot vorzunehmen. Es ist nicht beabsichtigt, das Angebot auf ein solches Land oder eine solche Rechtsordnung zu erstrecken. Dokumente, die in Zusammenhang mit dem Angebot stehen, dürfen weder in solchen Ländern oder Rechtsordnungen vertrieben, noch in solche Länder oder Rechtsordnungen versandt werden und dürfen von niemandem zur Werbung für Käufe von Beteiligungsrechten von Sunrise Group AG (Sunrise) in solchen Ländern oder Rechtsordnungen verwendet werden.

L’Offre publique d’acquisition décrite dans les documents rendus disponibles sur ce site internet (l’Offre) n’est pas faite et ne sera pas faite, ni directement ni indirectement, dans aucun pays ou juridiction dans lequel une telle Offre serait illicite ou enfreindrait de toute autre manière les lois ou réglementations en vigueur ou qui exigerait de la part de Liberty Global plc (Liberty Global) ou de l’une de ses filiales, un changement ou une modification des termes ou des conditions de l’Offre de quelque manière notable que ce soit, la formulation d’une demande en lien avec l’Offre auprès d’une quelconque autorité gouvernementale ou régulatrice, ou des démarches supplémentaires en lien avec l’Offre. Il n’est pas prévu d’étendre l’Offre à de tels pays ou juridictions. Les documents relatifs à l’Offre ne doivent être ni distribués ni envoyés dans de tels pays ou juridictions. De tels documents ne doivent pas non plus être utilisés pour solliciter l’acquisition de titres de participation de Sunrise Group SA (Sunrise) par aucune personne ou entité domiciliée ou ayant son siège dans de tels pays ou juridictions. 

Note to Investors Concerning Forward-Looking Statements

This website contains forward-looking statements within the meaning of the United States (U.S.) Private Securities 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 proposed transaction; the expected timing of completion of the proposed transaction; 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, Liberty Global, and our 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) Sunrise, Liberty Global, and our respective affiliates’ ability to obtain regulatory approvals and satisfy other conditions to the consummation of the proposed transaction; (v) the proposed transaction may not be completed on anticipated terms and timing or completed at all; (vi) Liberty Global and our affiliates’ ability to successfully integrate Sunrise and realize anticipated efficiencies and synergies from the proposed transaction; (vii) the outcome of any potential litigation that may be instituted with respect to the proposed transaction; (viii) the potential impact of unforeseen liabilities, future capital expenditures, revenues, expenses, economic performance, indebtedness, financial condition on the future prospects and business of Sunrise and Liberty Global’s Swiss business after the consummation of the proposed transaction; (ix) any negative effects of the announcement, pendency or consummation of the proposed transaction; and (x) 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 this release. Sunrise and Liberty Global expressly disclaim any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. 

Notice to U.S. Persons Holding Sunrise Shares and to Holders of ADSs

The Offer described in the documents available on this website will be made for the registered shares of Sunrise, a Swiss company whose shares are listed on the SIX Swiss Exchange and is subject to Swiss disclosure and procedural requirements, which are different from those of the U.S. The Offer will be made in the U.S. pursuant to Section 14(e) of, and Regulation 14E under, the U.S. Securities Exchange Act of 1934, as amended (the U.S. Exchange Act), subject to the exemptions provided by Rule 14d-1 and Rule 14e-5 under the U.S. Exchange Act and any exemptions from such requirements granted by the SEC, and otherwise in accordance with the requirements of Swiss law. Accordingly, the Offer is subject to disclosure and other procedural requirements, including with respect to withdrawal rights, settlement procedures and timing of payments that are different from those applicable under U.S. domestic tender offer procedures and laws. Once the Offer documents are available, U.S. shareholders of Sunrise are urged to read the Offer documents, which are or will be available at [this website / http://www.Liberty[■]], and consult with their own Swiss advisors regarding the Offer. U.S. shareholders of Sunrise may also call [+1 303 220 6600 (US) or +[●] (US Toll-Free)] or email [ir@Liberty] to request a copy of the Offer documents once they are available, which will be provided free of charge upon request.

The pre-announcement available on this website does not constitute the Offer. Liberty Global or its designated affiliate (the Offeror) will disseminate the offer prospectus (the Offer Prospectus) (with full Offer terms and conditions) as required by applicable law, and the shareholders of Sunrise should review the Offer Prospectus and all other Offer documents carefully. The Offer may not be accepted before publication of the Offer Prospectus and expiration of a cooling-off period of ten (10) trading days (if not extended by the Swiss Takeover Board), which will run from the trading day immediately after the publication date of the Offer Prospectus.

According to the laws of Switzerland, shares of Sunrise (Sunrise Shares) tendered into the Offer may generally not be withdrawn after they are tendered except under certain circumstances, in particular in case a competing offer for the Sunrise Shares is launched.

In accordance with the laws of Switzerland and subject to applicable regulatory requirements, Liberty Global and its subsidiaries and affiliates or their respective nominees or brokers (acting as agents for Liberty Global, its subsidiaries or affiliates) may from time to time after the date of the Offer Prospectus, and other than pursuant to the Offer, directly or indirectly, purchase or arrange to purchase Sunrise Shares or any securities that are convertible into, exchangeable for or exercisable for Sunrise Shares from shareholders of Sunrise who are willing to sell their Sunrise Shares outside the Offer from time to time, including purchases in the open market at prevailing prices or in private transactions at negotiated prices, and shall comply with applicable laws and regulations in Switzerland and applicable U.S. securities laws, rules and regulations and pursuant to exemptive relief granted by the SEC from Rule 14e-5 under the U.S. Exchange Act. Any such purchases will not be made at prices higher than the offer price or on terms more favorable than those offered pursuant to the Offer unless the offer price is increased accordingly. Any information about such purchases or arrangements to purchase will be publicly disclosed in the U.S. on this website to the extent that such information is made public in accordance with the applicable laws and regulations of Switzerland. In addition, the financial advisors to Sunrise and, subject to applicable Swiss and U.S. securities laws, rules and regulations and pursuant to exemptive relief granted by the SEC from Rule 14e-5 under the U.S. Exchange Act, the financial advisors to Liberty Global and its affiliates may also engage in ordinary course trading activities in securities of Sunrise,which may include purchases or arrangements to purchase such securities.

American Depositary Shares and American Depositary Receipts

The Offeror is aware that there is an “unsponsored” American Depositary Receipt Program concerning Sunrise Shares. The Offer will not be made for American Depositary Shares representing Sunrise Shares (ADSs), nor for American Depositary Receipts evidencing such ADSs (ADRs). However, the Offer will be made for the Sunrise Shares that are represented by the ADSs. Holders of ADSs and ADRs are encouraged to consult with the appropriate depositary regarding the tender of Sunrise Shares that are represented by ADSs. The Offeror is unaware of whether any respective depositary will make arrangements to tender the underlying Sunrise Shares into the Offer on behalf of holders of ADSs or ADRs.

Generally, holders of ADSs may be able to present their ADSs to the appropriate depositary for cancellation and (upon compliance with the terms of the deposit agreements relating to the “unsponsored” American Depositary Receipt Program concerning Sunrise Shares, including payment of the depositary’s fees and any applicable transfer fees, taxes and governmental charges) delivery of Sunrise Shares to them, in order to become shareholders of Sunrise. The Sunrise Shares delivered to holders of ADSs upon such cancellation may then be tendered into the Offer. Holders of ADSs should consult with the relevant depositary regarding their ability to obtain the underlying Sunrise Shares and the applicable procedures. Holders of ADSs should be aware, however, that in order to tender in this manner, they may need to have an account in Switzerland into which the Sunrise Shares can be delivered.

Notice to U.K. Persons Holding Sunrise Shares

In the United Kingdom (U.K.), the Offer will be directed only at persons (i) who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the Order), (ii) falling within article 49(2)(a) to (d) (“high net worth companies, unincorporated associations, etc.”) of the Order or (iii) to whom it may otherwise lawfully be communicated (all such persons together being referred to as Relevant Persons). No communications in respect of the Offer must be acted on or relied on by persons who are not Relevant Persons. The Offer, any investment or investment activity to which the Offer relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.


By clicking on the “accept and continue” button below, you confirm and agree to each of the following:

  • that you have read and understood and that you are not subject to any of the Offer restrictions set forth above, that the communication about the Offer may lawfully be directed at and the Offer lawfully addressed to you;
  • that you are not located or resident in any jurisdiction where extension of the Offer would trigger a requirement for Liberty Global or any of its affiliates or any other person to file or register an offer prospectus or any other document, or to take any other or additional action in relation to the Offer, in or by virtue of the laws of such jurisdiction;
  • that you will not copy or forward to any person any of the documents available on this website; and
  • that you understand, acknowledge and agree that failure to comply with the foregoing could result in a violation of applicable laws and|or damages to Liberty Global, its affiliates and other persons.
Accept & Continue
The perfect match


Liberty Global sta lanciando un’offerta pubblica di acquisto in contanti per il 100% delle azioni di Sunrise, garantendo un premio significativo agli azionisti. Una volta completata, le società uniranno le loro attività in Svizzera.


La grande connettività non è mai stata così importante e abbiamo dimostrato di essere esperti nel riunire il meglio della banda larga mobile e fissa in diversi mercati. Ciò porta sempre a una maggiore soddisfazione dei clienti e a maggiori investimenti nelle tecnologie di prossima generazione.


Il consiglio di amministrazione di Sunrise raccomanda all’unanimità agli azionisti di accettare l’offerta che sarà lanciata entro la fine di agosto. Freenet, che detiene il 24% delle azioni, si è già impegnata ad accettarla. L’operazione sarà soggetta alle autorizzazioni normative svizzere.

" Questa potente combinazione di banda larga 5G wireless e gigabit accelererà gli investimenti digitali in un momento in cui la connettività è così essenziale. La convergenza fisso-mobile è il futuro del settore delle telecomunicazioni in Europa, e ora la Svizzera avrà un vero e proprio "challenger" nazionale per guidare la concorrenza e l'innovazione per gli anni a venire."

Mike Fries
CEO of Liberty Global

Mettere i clienti al primo posto

La migliore connettività della categoria

1Gbp/s a banda larga per il 90% delle economie domestiche svizzere entro il 2021, in combinazione con la rete mobile più affidabile del paese, che comprende la tecnologia 5G

Il miglior intrattenimento

La combinazione della piattaforma video leader del settore di Liberty Global con l’attuale offerta TV di Sunrise

Più scelta

Offerte “combinate” potenziate, che combinano rete mobile, banda larga e TV per tutti i clienti

Unire marchi e culture forti

Valori condivisi

Le nostre aziende sono cresciute con un DNA simile – la volontà di essere pioniere del cambiamento e di dare il massimo per i propri clienti.

Impegnati per la nostra gente

Creare un luogo di lavoro ancora migliore, con più opportunità, più varietà e le stesse culture positive di cui entrambi i marchi hanno sempre goduto.

Passione per i clienti

Mettere costantemente i clienti e l’innovazione in prima linea in tutto ciò che facciamo.

Guidare la crescita economica


Più scelta e servizi migliori per i clienti B2B, dalle piccole alle grandi imprese, scuole e ospedali, aumentando la produttività, facendo progredire la digitalizzazione e incrementando gli investimenti

Più investimenti

Basandosi sull'investimento storico di oltre 5,6 miliardi di franchi svizzeri in infrastrutture digitali critiche in Svizzera, l'azienda combinata sarà in grado di investire in modo più efficiente e strategico nelle tecnologie di prossima generazione.

Reti di nuova generazione

La rete fissa di nuova generazione di UPC Svizzera con la sua estesa fibra ottica rafforzerà ulteriormente la posizione di leader di Sunrise sia nel 4G che nel 5G

Un competitor nazionale della connettività

CHF 3.1 mrd

Ricavi complessivi

6 milioni

Connessioni a banda larga, TV, voce e mobile*

Più di 3 500

Dipendenti complessivi

Questo accordo crea un’opportunità fantastica e unica di realizzare una nuova società aggregata, con vantaggi significativi per i consumatori e le imprese di tutta la Svizzera, oltre a fornire opportunità di crescita per i nostri dipendenti. Stiamo costruendo il futuro della Svizzera con una nuova scala materiale per stimolare la concorrenza, l’innovazione e la scelta dei clienti nel mercato svizzero, in un momento in cui la connettività, la comunicazione e l’home entertainment non sono mai stati così essenziali. Con il sostegno di Liberty Global, abbiamo la massa critica per fare la differenza sul mercato svizzero. Siamo molto contenti di poter unire le nostre forze a quelle di Sunrise combinando grandi reti, marchi leader e strategie commerciali e unendo le culture.

Baptiest Coopmans
Chief Executive Officer di UPC CH

Sunrise ha messo a punto una strategia incentrata sulla qualità e ha costruito una delle migliori reti di telefonia mobile al mondo. Abbiamo guadagnato con successo quote di mercato in tutte le nostre attività, sostenute dalla nostra forte attenzione alla centralità del cliente, all’eccellenza del servizio, all’innovazione e all’offerta di qualità. Siamo molto orgogliosi di ciò che i nostri dipendenti hanno raggiunto e crediamo che la combinazione con UPC Svizzera permetterà alla società aggregata di diventare il principale competitor pienamente convergente del mercato.

Andre Krause
CEO di Sunrise

Informazioni per gli investitori

Contatti per le relazioni con gli investitori

Liberty Global

Max Adkins
+44 20 8483 6336
John Rea
+1 303 220 4238
Stefan Halters
+44 20 8483 6211


Uwe Schiller
+41 76 777 88 81
Stephan Gick
+41 58 777 96 86

Ultime notizie e attività mediatiche

Media Relations Contacts

Liberty Global

Molly Bruce
+1 303 220 4202
Matt Beake
+44 20 8483 6428

UPC Switzerland

Alexandra Bini
Stephanie Niggli


Therese Wenger
+41 76 777 88 81
Media Hotline
+41 58 777 96 86