Sunrise and Orange Switzerland consider options to compete with Swisscom including merger
The Swiss telecommunications companies Sunrise Communications and Orange Switzerland are considering various measures to enable them to complete with market leader Swisscom, TMT Finance reported.
Without citing a source, the specialist telecoms news portal said the two firms' owners -- the UK private equity firms CVC and Apax Partners -- are holding talks. Rumoured considerations include the pooling of assets, a network sharing deal, and/or a merger, the item said.
Sunrise owner CVC values the company at EUR 2.6bn and is reportedly looking to sell the business this year, with an intra-Swiss deal a probable scenario, the report said, citing unidentified sources. Getting a deal past the Swiss regulator is not expected to be straightforward, however, it added.
Source TMT Finance