Reported about 1 year ago
Liberty Global has explored the possibility of selling a stake in Swiss telecom operator Sunrise before its planned spin-off this year. Talks with investors, including Swiss family offices, have taken place for this potential sale. Liberty Global is committed to injecting 1.5 billion Swiss francs into Sunrise prior to the spin-off to reduce leverage, and the enterprise value of Sunrise is estimated to be around 8 to 9 billion Swiss francs. Negotiations with investors have slowed due to concerns about Sunrise's debt level and Liberty Global's valuation expectations for the business.
Source: YAHOO