Tag Archives: Olaf Swantee

Sunrise had planned to acquire UPC for CHF6.3 billion. (© Keystone / Christian Beutler) Following shareholder pushback, Swiss telecom operator Sunrise has cancelled the purchase contract for the cable network operator UPC, officially burying the controversial deal. This is another failed attempt to challenge industry leader Swisscom. “Yesterday evening we cancelled the purchase agreement,” Sunrise CEO Olaf Swantee said on Wednesday. “The deal proposed by management...

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