Home / News / CMS advises Sunrise on the sale of Swiss Towers A...

CMS advises Sunrise on the sale of Swiss Towers AG

8 June 2017 - Sunrise Communications Group AG (Sunrise) sold Swiss Towers AG for 500 million Swiss francs. The company owns 2,239 telecom towers in Switzerland. The buyer is a consortium consisting of the main Spanish independent operator of wireless communications infrastructure Cellnex Telecom S.A., Swiss Life Asset Management AG and Deutsche Telekom Capital Partners.

In the run-up to this transaction, 2,239 telecom towers and their related contracts were spun-off into Swiss Towers AG in March 2017. The transaction relates to the passive network infrastructure, i.e. mainly steel and concrete constructions (telecom towers), while the active network infrastructure (antennas) remain with Sunrise. Sunrise has entered into a long-term service agreement with the consortium for the pro-vision of tower infrastructure services and is thus the first telecommunications provider in Switzerland to enter into such a partnership.

Sunrise, headquartered in Zurich, Switzerland, has more than 1700 employees and is the largest private telecommunications provider in Switzerland, covering all areas of telecommunications and is listed since February 2015. Its main shareholder is the German Freenet AG. Sunrise has more than 3.3 million customers (as of December 31, 2016).

A Swiss-German CMS team headed by Dr Clemens von Zedtwitz (CMS Switzerland) provided Sunrise with comprehensive legal advice during this transaction.

CMS Switzerland
Lead Partner: Dr Clemens von Zedtwitz (Technology, Media & Communications/Commercial), Marc Mischler, Matthias Kuert (Commercial); Dr Sibylle Schnyder, Seraina Kihm, Thomas Zweifel (Real Estate & Construction); Alain Raemy, Dr Daniel Jenny, Andrea Ferchl (Corporate/M&A); Dr Kaspar Landolt (Banking & Finance); Marquard Christen (Competition & EU); Dr Simone Brauchbar Birkhaeuser (Intellectual Property)

CMS Germany
Lead Partner: Dr Oliver Thurn (Corporate/M&A); Dr Simon Sabel, Karen Eldred (Corporate/M&A); Dr Jens Neitzel, Dr Daniel Hofmann (Technology, Media & Communications)

Related people

Photo of Simone Brauchbar
Dr Simone Brauchbar Birkhäuser, LL.M.
Counsel
Zurich
Picture of Marq Christen
Marquard Christen, LL.M., MAS
Partner
Zurich
Karen Eldred
Karen Eldred
Senior Associate
Munich
Photo of Andrea Frechl
Andrea Relly
Associate
Zurich
Daniel Hofmann
Dr. Daniel Hofmann
Principal Counsel
Munich
Jenny Daniel
Dr Daniel Jenny, LL.M.
Partner
Zurich
Picture of Seraina Kihm
Seraina Kihm
Associate
Zurich
Picture of Matthias Kuert
Dr Matthias Kuert, LL.M.
Associate
Zurich
Picture of Kaspar Landolt
Dr Kaspar Landolt, LL.M.
Partner
Zurich
Picture of Marc Mischler
Marc Mischler
Jens Neitzel
Dr. Jens Neitzel
Partner
Munich
Picture of Alain Raemy
Alain Raemy, LL.M.
Partner
Zurich
Picture of Sibylle Schnyder
Dr Sibylle Schnyder, LL.M.
Partner
Zurich
Oliver Thurn
Dr. Oliver Thurn, LL.M. (Univ. London)
Partner
Munich
Picture of Clemens von Zedtwitz
Dr Clemens von Zedtwitz, LL.M.
Partner
Zurich
Thomas Zweifel
Thomas Zweifel, LL.M.
Associate
Zurich
Show more Show less