TDC sells telco provider Sunrise to CVC Capital
NASDAQ listed TDC A/S and private equity firm CVC Capital Partners entered into an agreement for investment funds advised by CVC to acquire Sunrise Communications AG at an enterprise value of CHF 3.3 billion. Closing of the transaction is expected to occur in the fourth quarter of 2010, once approvals have been obtained from the Swiss competition and relevant regulatory authorities.
Lenz & Staehelin advised TDC in this transaction also on all Telecom regulatory matters. The team was led by Marcel Meinhardt and Judith Bischof.