Private equity firm CVC is reportedly planning to revive its plans to sell Swiss wireless operator Sunrise, unnamed sources said.
Months after CVC halted the sale due to a weaker-than-anticipated cash flow, sources say the company is once against looking to hire a bank to advise on a Sunrise deal. Reports say the sale could fetch up to $5.2 billion.
The companies declined to comment, but the sources said the firms are considering both a sale of Sunrise as well as a public listing of the company.
CVC first purchased Sunrise in 2010. According to reports, despite Sunrise’s high value potential, a sale of the company could prove difficult as brutal competition and a struggle to improve infrastructure has plagued the industry across Europe.
Full content: Reuters
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