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Last week in telecoms: Swiss consolidation and bidders for Portuguese fibre
2019-03-04 07:00:00| Telecompaper Headlines
(Telecompaper) The news of Sunrise (-8.5%) buying UPC Switzerland sent its shares down, whereas the selling party, Liberty Global (+0.6%) ended the week up, suggesting that the latter got itself a good deal. Indeed, 25 percent Sunrise shareholder Freenet (+4.5%) said it wouldn't join in Sunrise's rights issue, needed to pay for the cash portion of the takeover, but that shouldn't come as a surpise. It looks like this will not stand in the way of the deal.
Tags: week
swiss
consolidation
portuguese
Category:Telecommunications