Liberty Global Ltd - Sunrise Capital Markets Day Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Polo Tang Tang - UBS Equities - Analyst : It's Polo Tang from UBS. Just have a few different questions. So first one is probably quite predictable. Could you maybe talk about the promotional environment in terms of the Swiss market, but could you comment in terms of quantum of discount, duration and frequency, does it vary between the premium brands and the smart shopper brands? And is there any signs of promotional intensity easing? Second question is really just about broadband competition. How do you expect things and competitive dynamics to evolve going forward as Swisscom expands its fiber footprint? Are you going to see more competition not only from Swisscom, but also from Salt given their wholesale deal with Swisscom? And my final question is really just about churn. You talked about churn quite a lot in terms of particularly for the Sunrise brand, but are there any numbers that you can give us in terms of just maybe trends in terms of quarter-by-quarter for either Sunrise or the broader group?

Question: Polo Tang Tang - UBS Equities - Analyst : It's Polo Tang from UBS. Just in terms of the plan that you've laid out suggesting that you could wholesale rather than build. But could you just maybe just give us a bit more detail in terms of what the build costs could be in terms of a rough cost per home passed either for DOCSIS 4.0 or in terms of FTTH rollout? And could you also maybe explain why your CapEx to sales is coming down in terms of your kind of forecast over time, 10% to 15%? What's the main element behind that?

Question: Polo Tang Tang - UBS Equities - Analyst : CapEx to sales.

Question: Polo Tang Tang - UBS Equities - Analyst : Yes. Just one question. It's Polo tang at UBS. Just talking about the headwinds going into 2025 because you talked about the continuation of the UPC brand retirement. So I'm just trying to understand the time line in terms of why it's still a drag into 2025? Because my understanding was the retirement in the closure started end of 2022. So could you maybe just explain the time line and give some sense in terms of quantum in terms of how much headwind is going to be?