Liberty Global to spin off Swiss telecom unit Sunrise

By Thomson Reuters Feb 16, 2024 | 8:41 AM

ZURICH (Reuters) – Liberty Global said on Friday it aimed to spin off its Swiss telecom unit Sunrise to shareholders later this year.

The listing on the SIX Swiss Exchange is planned for the second half of 2024, Liberty Global said. Sunrise will be listed with a long-dated, low-cost capital structure supported by 1.5 billion Swiss francs ($1.7 billion) of debt reduction, it said.

(Reporting by Paul Arnold; editing by Bartosz Dabrowski)