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LIBERTY GLOBAL PLC

(LBTYA)
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Swiss watchdog clears Liberty Global's Sunrise deal

10/30/2020 | 01:46am EST
FILE PHOTO:  Swiss telecoms company Sunrise's logo is seen in Opfikon

ZURICH (Reuters) - The Swiss competition watchdog has approved Liberty Global's 6.8 billion Swiss franc (5.8 billion pounds) takeover of Sunrise Communications without conditions, the agency said on Friday.

That clears the way for the deal to create Switzerland's second-biggest telecoms group behind Swisscom.

"Like Swisscom, UPC/Sunrise will have its own mobile and fixed network infrastructure. There is no threat of eliminating effective competition," the WEKO agency said, using the name of the Liberty unit making the deal.

"It cannot be assumed that UPC/Sunrise and Swisscom will coordinate in the future. Therefore, WEKO approves the takeover without any conditions or conditions," it said.

Sunrise said the deal was set to close in mid-November.

(Reporting by Michael Shields, editing by John Revill)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
LIBERTY GLOBAL PLC 0.96% 28.3 Delayed Quote.2.02%
SUNRISE COMMUNICATIONS GROUP AG 0.56% 108.6 End-of-day quote.-1.45%
SWISSCOM AG 0.31% 518 Delayed Quote.0.66%
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Analyst Recommendations on LIBERTY GLOBAL PLC
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Financials (USD)
Sales 2021 10 631 M - -
Net income 2021 12 466 M - -
Net Debt 2021 12 599 M - -
P/E ratio 2021 1,26x
Yield 2021 -
Capitalization 15 491 M 15 491 M -
EV / Sales 2021 2,64x
EV / Sales 2022 3,53x
Nbr of Employees 23 000
Free-Float 92,6%
Chart LIBERTY GLOBAL PLC
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Liberty Global plc Technical Analysis Chart | LBTYA | GB00B8W67662 | MarketScreener
Technical analysis trends LIBERTY GLOBAL PLC
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Mean consensus BUY
Number of Analysts 21
Last Close Price 28,30 $
Average target price 39,50 $
Spread / Average Target 39,6%
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Managers and Directors
Michael Thomas Fries President, Chief Executive Officer & Director
Charles Henry Rowland Bracken Chief Financial Officer & Executive Vice President
John Carl Malone Chairman
Enrique Rodríguez Chief Technology Officer & Executive VP
Paul Alan Gould Independent Director
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