Sunrise announcement re UPC Schweiz Dienstag, 26. Februar 2019 - 23:30

Sunrise Communications Group AG (“Sunrise”) notes media reports regarding a potential transaction with Swiss cable operator UPC Schweiz GmbH (“UPC Switzerland”), a wholly-owned subsidiary of Liberty Global plc (“Liberty Global”).

Sunrise confirms it is in advanced discussions with Liberty Global regarding a possible acquisition of UPC Switzerland for an enterprise value of CHF6.3 billion.

As previously stated, Sunrise will only pursue a transaction if it is strategically compelling and demonstrably value creative for its shareholders. In the event of a transaction, Sunrise is committed to a prudent capital structure and to retaining its existing progressive dividend policy.

No final decision has been made. A further announcement will be made if and when appropriate.