Freenet says to vote against Sunrise capital hike for UPC deal

FRANKFURT (Reuters) - Freenet AG said on Friday it would vote against a proposed 4.1 billion franc (3.5 billion pounds) capital hike at Sunrise Communications to fund a takeover bid for Liberty Global's Swiss unit UPC.The German telecoms firm, which owns one-quarter of Sunrise, said it was not satisfied with the 6.3 billion franc bid for UPC, whose price and structure was "unbalanced and unfavourable for all Sunrise shareholders".