New CEO at Sunrise

"I am very pleased that Oliver Steil has accepted the job as CEO of Sunrise. Oliver has in-depth knowl-edge of the telecoms industry and can strengthen the positive development Sunrise is experiencing," says President and CEO of TDC and Chairman of the Board of Directors of Sunrise, Henrik Poulsen.

 

Sunrise is the second-largest telco in Switzerland, with an annual revenue of DKK 9.9bn. The company is enjoying a positive development with increasing earnings and revenue, and came out of the first quarter of 2010 with 4.5% growth in revenue and EBITDA growth of 16.2% compared with the same period last year.

 

In April, the Swiss competition authorities rejected the planned merger of Sunrise and Orange. TDC therefore announced at the beginning of June that it no longer wished to pursue this option but would instead continue developing Sunrise as an independent company.

Oliver Steil now takes over from Christoph Brand, who after almost four years as CEO is leaving Sunrise to become CEO and co-owner of Adcubum, a Swiss IT company.

 

"Christoph Brand has achieved a great deal during his career with Sunrise and has helped ensure that Sunrise has a very solid platform for the future. I am sure that Oliver Steil will be able to further expand Sunrise's position and continue to grow the company," says Henrik Poulsen.

 

Contact:
Corporate Communication TDC
Tel.: +45 70 20 35 10
tdc.dk/press