A Swiss court scheduled an oral hearing involving Salt Mobile and Sunrise to attempt to resolve a legal spat relating to a move by Liberty Global to acquire the latter.
In a statement, Sunrise said the Commercial Court of the Canton of Zurich plans to hear the operators’ arguments on 14 September, after a bid by Salt Mobile for an immediate injunction was rejected.
Salt Mobile believes the planned acqusition would breach the terms of a fibre joint venture unveiled in May, Sunrise explained. But, it said this objection lacked “any merit, both on the facts and the law”.
Liberty Global made a move to acquire Sunrise last month, in a CHF6.8 billion ($7.5 billion) deal.
Salt Mobile swiftly outlined concerns about the move, citing potential harm to its business including contractual rights infringement and destruction of “significant value for Salt and its shareholders”.
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Yanitsa Boyadzhieva
Yanitsa joins Mobile World Live as a Reporter based in London. She has more than 5 years’ experience at various media outlets in her home country Bulgaria. She started her career as a political reporter, followed by taking editor roles...
