trending Market Intelligence /marketintelligence/en/news-insights/trending/XUvc8QhoVOLwICrTqIms1Q2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

S&P revises Sunrise Communications outlook to stable

Blog

Bundling fixed & mobile services is still a popular strategy for operators in Western Europe especially in Portugal and Spain

Blog

Fintech Intelligence Newsletter: February 2021

PODCAST

Episode 5: The Future of Work - The World of Workforce Experience and Productivity

Blog

Needham & Company is Now Available in the S&P Global Market Intelligence Aftermarket Research Collection


S&P revises Sunrise Communications outlook to stable

S&P Global Ratings revised its outlook on Sunrise Communications Group AG to stable from negative after the Swiss cable operator terminated its proposed acquisition of UPC Schweiz.

Sunrise will incur CHF120 million to CHF125 million of expenses and transaction cancellation penalties. The rating agency also affirmed the company's ratings at BBB-.

Ratings expects Sunrise's adjusted debt to EBITDA to rise to 3.2x in 2019, before improving to, or below, 3.0x in 2020-2021, excluding one-off costs.

The stable outlook on the company reflects Ratings' expectation that Sunrise will see moderate recurring EBITDA growth in the next 12 months to 24 months.

Liberty Global PLC in February agreed to sell UPC Schweiz to Sunrise for a total enterprise value of CHF6.3 billion. The deal secured regulatory approval in September.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.