Freenet to pay €714m for Sunrise stake

German MVNO and broadband provider Freenet has agreed to acquire a 23.83% stake in Swiss telco Sunrise Communications from CVC Capital Partners for some €714m (US$806m). Freenet will finance the deal – which will see it become Sunrise’s largest shareholder – with debt, specifically a three-year bridge loan provided by a consortium of banks. German MVNO and broadband provider Freenet (XETRA:FNTN) has agreed to […]

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