Liberty Global completes Sunrise spin-off

Liberty Global Announces Completion of Sunrise Spin-Off Transaction

DENVER, Colorado — Liberty Global Ltd. (Liberty Global) (NASDAQ: LBTYA, LBTYB and LBTYK) today announces that it has completed the previously announced spin-off of its Swiss business, Sunrise, into a separate publicly traded company.

The completion follows the approval of the transaction at a special meeting of Liberty Global shareholders on October 25, 2024. Liberty Global will continue to own and operate its Liberty Telecom businesses in Belgium, Ireland, Slovakia, the U.K. and the Netherlands.

Mike Fries, CEO, Liberty Global, and incoming Chairman of Sunrise, comments: “The successful completion of the spin-off marks an important milestone in our ongoing strategy to unlock value for Liberty Global shareholders, allowing them to directly participate in the future performance of Sunrise with its strong capital structure, attractive equity story, future cash generation potential and scope for dividends. Under the leadership of its experienced management team, Sunrise is well-positioned to continue to deliver innovative solutions and superior connectivity to Swiss consumers and businesses.”