ZURICH, Nov 15 (Reuters) - Telecoms company Sunrise

returned to the Swiss stock exchange on Friday after

completing its spin-off from Liberty Global ( LBTYA ) with an

opening price of 44.75 Swiss francs ($50.39) per share.

The price gives Sunrise, which competes with government

controlled Swisscom and privately-held broadband, TV

and mobile provider Salt, a market capitalisation of nearly 3.2

billion Swiss francs ($3.6 billion).

($1 = 0.8878 Swiss francs)

($1 = 0.8881 Swiss francs)