Liberty Global completed the acquisition of Sunrise Communications Group for $7.43bn.

Liberty Global, a multinational telecommunications company, completed the acquisition of Sunrise Communications Group, an integrated communications provider in Switzerland, for $7.43bn. “The industrial logic of this merger is undeniable, but the real winners are Swiss consumers and businesses. This powerful combination of 5G wireless and gigabit broadband will accelerate digital investment at a time when connectivity has never been more essential. Fixed-mobile convergence is the future of the telecom sector in Europe, and now Switzerland will have a true national challenger to drive competition and innovation for years to come. We look forward to welcoming Sunrise employees to the Liberty and UPC family and congratulate them and the board on their success,” Mike Fries, Liberty Global CEO.