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Switzerland: CVC revives sale of telco Sunrise

 |  September 25, 2014

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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