SUNRISE COMMUNICATIONS GROUP AG Press Release
Opfikon, September 17, 2020; 06:45 a.m. CET
Court rejects Salt's application for an interim injunction
On 16 September 2020, Sunrise Communications AG, a fully owned subsidiary of Sunrise Communications Group AG ("Sunrise") has received a ruling from the Commercial Court of the Canton of Zurich by which the court rejected an application from Salt Mobile SA ("Salt") for an interim injunction against Sunrise. In its application, Salt was seeking an injunction against Sunrise, ordering Sunrise to procure that (a) freenet AG and (b) members of the Board of Directors and Executive Leadership Team (Management Board) of Sunrise Communications Group AG will not tender their Sunrise shares under the public tender offer of UPC Schweiz GmbH. Salt's application was based on an alleged breach by Sunrise of the Exclusivity Agreement between Sunrise and Salt in respect of the Fiber Joint Venture announced earlier this year.
After an oral hearing took place on Monday, 14 September 2020, the court did not find a breach of the Exclusivity Agreement and consequently rejected Salt's application. The decision of the Commercial Court is subject to appeal with the Federal Supreme Court.
| Provider | Channel | Contact | ||
|---|---|---|---|---|
|
Tensid EQS Ltd., Switzerland www.tensid.ch |
newsbox.ch www.newsbox.ch |
Provider/Channel related enquiries marco@tensid.ch +41 41 763 00 50 |
