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Activist investor AOC gets Sunrise Communications stake - source

Credit: REUTERS/ARND WIEGMANN

German activist investor AOC has built a stake of less than 3% in Swiss telecoms group Sunrise Communications, a source familiar with the situation told Reuters on Tuesday.

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ZURICH/FRANKFURT, Sept 10 (Reuters) - German activist investor AOC has built a stake of less than 3% in Swiss telecoms group Sunrise Communications SRCG.S, a source familiar with the situation told Reuters on Tuesday.

The source said AOC was likely to oppose Sunrise's proposed 6.3 billion Swiss franc ($6.36 billion) takeover of Liberty Global's LBTYA.O Swiss UPC business, which already faces a revolt with at least two big investors joining top Sunrise shareholder Freenet FNTGn.DE in resisting the deal.

($1 = 0.9907 Swiss francs)

(Reporting by Oliver Hirt and Arno Schuetze; Editing by Michael Shields)

((Michael.Shields@thomsonreuters.com; +41 58 306 7461; Reuters Messaging: michael.shields.thomsonreuters.com@reuters.net))

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