Telecoms company Sunrise returns to Swiss stock market

Reuters

Nov 15, 2024

ZURICH, Nov 15 (Reuters) - Telecoms company Sunrise SUNN.S will return to the Swiss stock exchange on Friday after the country's second biggest broadband and mobile phone operator completed its spin-off from Liberty Global LBTYA.O.

Shares in the company, which competes with government controlled Swisscom SCMN.S and privately held Salt, are due to start trading on the SIX Swiss Exchange, and will be included on the Swiss Performance Index.

The spin-off marks a return to the stock exchange for Sunrise, which was listed from 2015 until 2021 when it was bought by Liberty Global for 6.8 billion Swiss francs ($7.65 billion).

($1 = 0.8893 Swiss francs)

(Reporting by John Revill, Editing by Friederike Heine)

((John.Revill@thomsonreuters.com; +41 41 528 36 37; Reuters Messaging: john.revill.thomsonreuters.com@reuters.net))

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