Sunrise counts cost of its failure to buy Liberty Global business

FILE PHOTO: Swiss telecom company Sunrise's logo is seen at an office building in Zurich, Switzerland February 28, 2019. REUTERS/Arnd Wiegmann

Freenet said that adding cable assets made little sense as the industry was transitioning to faster 5G mobile technology. Sunrise, which also released third-quarter results on Wednesday, said intimations that the deal could rise from the dead were “no longer relevant” and that for now it was moving on.

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