Telecoms company Sunrise returns to Swiss stock market
15/11/2024 06:00
ZURICH, Nov 15 (Reuters) - Telecoms company Sunrise
SUNN.S will return to the Swiss stock exchange on Friday after
the country's second biggest broadband and mobile phone
operator completed its spin-off from Liberty Global LBTYA.O .
Shares in the company, which competes with government
controlled Swisscom SCMN.S and privately held Salt, are due to
start trading on the SIX Swiss Exchange, and will be included on
the Swiss Performance Index.
The spin-off marks a return to the stock exchange for
Sunrise, which was listed from 2015 until 2021 when it was
bought by Liberty Global for 6.8 billion Swiss francs ($7.65
billion).
($1 = 0.8893 Swiss francs)
(Reporting by John Revill, Editing by Friederike Heine)
((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters
Messaging: john.revill.thomsonreuters.com@reuters.net))