Friday, 22 September 2017

Freenet pays €714m for 24% of Sunrise

By Nick Wood, Total Telecom
Friday 18 March 16

German MVNO sees strong parallels with Swiss telco; CEO, CFO to join Sunrise board.

German MVNO and reseller Freenet on Friday struck a €714 million deal to buy 23.83% of Swiss telco Sunrise Communications held by private equity firm CVC Capital Partners. The deal will see Freenet become Sunrise's biggest single shareholder. Freenet's CEO Christoph Vilanek and CFO Joachim Preisig will join Sunrise's board…

German MVNO and reseller Freenet on Friday struck a €714 million deal to buy 23.83% of Swiss telco Sunrise Communications held by private equity firm CVC Capital Partners. The deal will see Freenet become Sunrise's biggest single shareholder. Freenet's CEO Christoph Vilanek and CFO Joachim Preisig will join Sunrise's board…

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