Sunrise sale given green light

The Federal Competition Commission has no objections to the sale of Swiss telecommunications company Sunrise to private equity firm CVC Capital Partners.

This content was published on October 15, 2010 - 09:25 and agencies

The commission said on Friday that the SFr3.3 billion ($3.45 billion) deal, which should be concluded during the final quarter of 2010, would not structurally alter the dynamics of the mobile telephone market in Switzerland.

Sunrise is owned by the Danish TDC Group, which has been trying for some time to part ways with its Swiss sister company.

Earlier this year a planned merger between Sunrise and the local subsidiary of French mobile operator Orange fell through after the Competition Commission vetoed the deal.

It was concerned that it would create a duopoly in Switzerland, with the merged company on one side and Swisscom, the country’s biggest telecommunications company, on the other. An appeal against that decision was later withdrawn.

CVC Capital Partners, headquartered in Luxembourg, owns 51 companies worldwide employing nearly 400,000 people with a combined annual turnover of about €73 billion (SFr98 billion).

Sunrise, formerly known as Newtelco, came onto the Swiss market in 1996.

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Change your password

Do you really want to delete your profile?