When Peter Kurer announced the plan to buy UPC, he was understanding and harmonious in the face of the initial critical reactions. From the beginning he said that they would always act on behalf of the shareholders and that they would have to accept a no.
We all saw how the fronts hardened when Freenet – Sunrise's lebanon rcs data largest shareholder – did not agree to the absurdly high purchase price. A top manager like Christoph Vilanek and another representative of the major shareholder were pushed out of the board of directors and treated like air.
But anyone who knows Switzerland, and especially the Swiss telco market, knew that such a price had to be questioned. Whatever Sunrise had negotiated with UPC owner Liberty Global, it was exotic.
The final chapter of this exercise, which cost around 125 million, was predictable. CEO Swantee and Chairman Kurer are leaving the company ( persoenlich.com reported ). This is a new beginning for Sunrise, a company that is doing brilliantly. really not needed.