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Telecoms company Sunrise returns to Swiss stock market
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Telecoms company Sunrise returns to Swiss stock market
Nov 15, 2024 12:15 PM

ZURICH, Nov 15 (Reuters) - Telecoms company Sunrise

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 ).

Shares in the company, which competes with government

controlled Swisscom 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 ( LBTYA ) for 6.8 billion Swiss francs ($7.65

billion).

($1 = 0.8893 Swiss francs)

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