(Reuters) – Switzerland’s Sunrise Communications Group AG has confirmed it is in talks with broadband provider Liberty Global Plc about a potential acquisition of its Swiss business UPC Schweiz.
In case of a deal, Sunrise said it will retain its existing progressive shareholder distribution policy. There is no certainty that a deal will materialize, the company said in a news release on Tuesday.
The Financial Times had reported on Friday that Sunrise was in advanced discussions to acquire Liberty Global’s Swiss cable arm.
Reporting by Kanishka Singh in Bengaluru; Editing by Matthew Lewis
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