Home Freenet buys 24% in Swiss operator Sunrise
 

Keywords :   


Freenet buys 24% in Swiss operator Sunrise

2016-03-18 08:16:00| Telecompaper Headlines

(Telecompaper) German operator Freenet is continuing its expansion through takeovers with the purchase of a 23.83 percent stake in the Swiss operator Sunrise. Freenet said it agreed to pay EUR 714 million for the shares from CVC Capital and will buy another 0.73 percent in the company next month. Both Freenet's CEO, Christoph Vilanek and its CFO, Joachim Preisig will have a seat on Sunrise's board of directors. Freenet said it's been studying Sunrise for some time and sees similarities in its business model to the German operator, in terms of cash orientation and the financial profile. 

Tags: operator swiss sunrise buys

Category:Telecommunications

Latest from this category

All news

»
01.11BASF TotalEnergies Petrochemicals Receives United Way Champions of Hope Award
01.11US jobs growth slows as presidential election looms
01.11Iowa Select Farms fights food insecurity year-round
01.11DTG launches D-Book 12.9
01.11Titan OS FAST channels coming to Sony Android TVs
01.11Eastern North Pacific Tropical Weather Outlook
01.11Atlantic Tropical Weather Outlook
01.11Using USP 61 or ISO 17516
More »