Liberty Global Ltd. (NasdaqGS:LBTY.A) has revealed intentions to spin off Swiss telecommunications company Sunrise Gmbh, with plans to publicly list its shares in the latter half of 2024. In an official statement to the stock market, the company highlighted that this move would enable Sunrise to broaden its investor base and establish a structure tailored to support the operator's specific objectives. As part of its strategy for the Swiss market, Liberty Global aims to inject CHF 1.5 billion ($1.7 billion) into Sunrise to reduce its debt burden.

Liberty Global acquired Sunrise in 2020 and subsequently delisted it from the Swiss stock exchange. Following the merger of Sunrise with fixed operator UPC Switzerland, the company now intends to separate and offer shares in the newly formed fixed-mobile player. However, the proposed spin-off is contingent upon various factors, including shareholder approval and prevailing market conditions, as noted by Liberty Global.

Sunrise CEO Andre Krause expressed enthusiasm about the prospect of relisting the company in Switzerland, affirming its position as a formidable challenger in the market with integrated fixed-mobile offerings that have realized synergies and integration benefits.