August 27, 2019 / 5:30 AM / 7 months ago

Liberty Global says not to amend terms of Swiss unit sale

Aug 27 (Reuters) - Liberty Global Plc will not amend the terms of a planned sale of its Swiss UPC business to Swiss telecoms firm Sunrise Communications, the company said on Tuesday.

German telecoms group Freenet AG, the largest shareholder in Sunrise Communications, said on Thursday it remained open for talks after it criticized Sunrise's planned 6.3 billion Swiss franc ($6.4 billion) takeover of Liberty Global's Swiss unit.

"Liberty Global is fully committed to completing the transaction as agreed," the company said on Tuesday.

Sunrise Communications stepped up efforts to rescue the deal last week, saying it had found new synergies and could cut a planned rights issue to fund the agreement.

($1 = 0.9745 Swiss francs)

Reporting by Kanishka Singh in Bengaluru; Editing by Sriraj Kalluvila

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