Private equity group CVC Capital Partners has launched a SFr3.3bn

It's a big leap for Telecom. Private equity group CVC Capital Partners has launched a SFr3.3bn ($ 3.2bn) buy-out of Sunrise, the mobile phone business Danish TDC Switzerland, opening the way for Danish companies to push ahead with a flotation this direncanakan. Is the right decision?

The deal, confirmed by the TMA on Friday, SFr2.4bn financed with debt from BNP Paribas and Deutsche Bank. This is one of the largest private equity deal in Europe this year and one of the largest in the telecommunications sector for years. Maybe SFr2.4bn feel very confident with that big capital.

This follows Swiss regulator's decision in April to block the proposed merger mobile business TDC Switzerland with one owned by France Telecom.

Sunshine Disposal complement efforts by the private owner of the Danish telecom group equity to re-focus on the Nordic region.
TDC's private equity owners, Apax Partners, Blackstone, Kohlberg Kravis Roberts, Permira and Providence Equity Partners, hopes to continue with its initial public offering before the end of the year.

The owners of private new capital Sunrise, Switzerland's second largest mobile phone operator after Swisscom, is expected to use the extensive networks to drive growth, especially after the company began selling Apple's popular iPhone.

Sunrise Value agreement about six times earnings before interest, taxes, depreciation and amortization in the year to June SFr547m. It produced about SFr2bn revenue from 1.9 mobile subscribers and 600,000 broadband ¬ clients.

Sale of TDC shares originally scheduled in the first half of this year, but postponed when regulators blocked Sunrise Swiss merger with France Telecom unit. European stock markets volatile country also has contributed to delay.

Sunrise agreement will be the first conducted by Lorne Somerville since CVC hired former UBS banker telecommunications to regulate telecommunications, media and technology team in 2008.