Liberty Global Ltd. announced on November 8, 2024, the successful completion of the previously announced spin-off of its Swiss business, Sunrise. Sunrise will now operate as a separate publicly traded company. This move is a core element of Liberty Global's multi-faceted strategic pivot.
The spin-off is designed to create transparency and facilitate the crystallization of value from Liberty Global's diverse portfolio. This follows a history of significant portfolio management, including major dispositions and the repositioning of the company.
Management believes this strategic separation will help address the perceived undervaluation of its core telecom assets by the market. The company aims to unlock and deliver shareholder value through such focused asset management.
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