FILE PHOTO: the Swiss telecommunications company Sunrise, the logo is shown on a branch office in Zurich, Switzerland, February 28, 2019. REUTERS/Arnd Wiegmann
ZURICH (Reuters) – German telecoms group Freenet, is the second-largest shareholder in Switzerland, Sunrise Communications, has said it remains open to talks after it opposed the Sunrise, with the planned acquisition by Liberty Global, a Swiss-UPC business.
“Despite the fact that the Sunrise is not acceptable behavior, Having, their representatives will still be available for a constructive dialogue in the interest of the Sunrise, to the holders of existing shares, and Having. However, we will have to take into account all of the laws, regulations and business opportunities, and resources, in order to ward off harm in Having it and the existing shareholders, and the definition of the term…,” he said in a statement.
Sunrise on Thursday escalated his defense of the planned 6.3 billion Swiss francs ($6.41 billion) for the acquisition of UPC, said that it had found new synergies, and it could be cut with a planned rights issue to fund the deal, which, Having have been criticized. Having said a lot of investors and analysts in a shared view.
Reporting by Michael Shields; Editing by Elaine Hardcastle