Liberty Global to spin-off Sunrise Communications.

Liberty Global, a British-Dutch-American multinational telecommunications company, is set to spin-off Sunrise Communications, a Swiss telecommunications provider based in Zurich. "I am honoured to re-introduce Sunrise as a listed Swiss company and to lead the business into its exciting new future. We are confident that we have the Board of Directors, Executive team and all key capabilities needed to succeed as a standalone company. Sunrise had a strong track record as listed company before, and it is even stronger today following the successful integration with UPC. I am confident that this new company represents a compelling investment opportunity as the only pure play Swiss-listed telco, with a strong Free Cash Flow profile that will underpin an attractive shareholder return policy, including a progressive dividend distribution," André Krause, Sunrise CEO.