"Liberty Global Weighs Stake Sale In Swiss Telecom Unit Sunrise, Sources Say" - Reuters News
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Liberty Global is considering selling a stake in its Swiss telecom unit, Sunrise, ahead of a planned spin-off later this year. Talks have been held with several investors, including Swiss family offices. The spin-off is on track for the fourth quarter, with JP Morgan and UBS advising on the plans. Liberty Global plans to inject 1.5 billion Swiss francs into Sunrise to reduce leverage and has committed to a minimum dividend of 240 million Swiss francs. The enterprise value of Sunrise could be in the range of 8 to 9 billion Swiss francs.
July 05, 2024 | 3:02 pm
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Liberty Global is exploring the sale of a stake in its Swiss telecom unit, Sunrise, ahead of a planned spin-off. The spin-off is on track for the fourth quarter, and Liberty Global plans to inject 1.5 billion Swiss francs into Sunrise to reduce leverage.
The potential sale of a stake in Sunrise and the planned spin-off could positively impact Liberty Global's stock by reducing leverage and providing clarity on the company's strategic direction. The commitment to a minimum dividend also signals confidence in the business.
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