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flag Liberty Global plans to spin off 100% of Sunrise subsidiary to shareholders in H2 2024, listing it on SIX Swiss Exchange while reducing up to CHF 1.5bn debt.

flag Liberty Global, a telecommunications company, has announced plans to spin off 100% of its subsidiary, Sunrise, to its shareholders. flag The move aims to broaden the shareholder base and enhance Sunrise's position as a locally listed FMC challenger in the Swiss market. flag Sunrise, expected to be listed on the SIX Swiss Exchange in the second half of 2024, will have a lower capital structure backed by up to CHF 1.5 billion of debt reduction. flag Liberty Global will retain its interests in other businesses, along with its Ventures portfolio and surplus cash balance.

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