Liberty Global is considering selling a stake in its Swiss telecoms operator Sunrise ahead of a planned spinoff later this year, Reuters’ Oliver Hirt and Amy-Jo Crowley report, citing three people familiar with the matter. Talks have occurred with several investors including Swiss family offices, two of the people say. Any deal could value Sunrise at an enterprise value of about $8.91B, according to the report. A spokesperson for Liberty Global says the company remains committed to injecting 1.5 billion Swiss francs from Liberty Global’s balance sheet into Sunrise before the spin off to reduce leverage.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LBTYA:
- Liberty Global to acquire shares in Formula E from Warner Bros. Discovery
- Liberty Global A Issues Insightful But Non-Legal Press Release
- Liberty Global Subsidiaries’ Financial Performance Report Released
- RedBird IMI completes acquisition of All3Media
- Liberty Global Posts VodafoneZiggo’s Quarterly Financials