CVC close to buying Swiss telco Sunrise

first_img CVC Capital Partners, the UK buyout firm, is close to closing a deal with TDC, the private equity-backed Danish telephone company, to buy its Swiss unit Sunrise.The deal will place an enterprise value on Sunrise of about Sfr3.3bn (£2bn), making it one of the year’s largest leveraged buyouts. A deal is likely to be announced today.A sale would give CVC control of Switzerland’s second-biggest telecommunications company and clear the way for TDC’s owners to accelerate long-held plans to refloat the company.TDC dropped a plan to sell Sunrise to France Telecom’s Orange earlier this year, after competition regulators in Switzerland blocked the merger of the two units. Share Thursday 16 September 2010 9:05 pm KCS-content Tags: NULL CVC close to buying Swiss telco Sunrise whatsapp More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her whatsapp Show Comments ▼last_img

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