Liberty Global to spin off Swiss telecom unit Sunrise

Liberty Global

16/02/2024 14:34

ZURICH, Feb 16 (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)
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