Feeds

Swiss Govt to flog its share of Swisscom

Small investors offered 'people's shares'

Gartner critical capabilities for enterprise endpoint backup

The Swiss Government published proposals to flog its 66 per cent stake in incumbent telco Swisscom.

To ensure it doesn't become a victim of a take-over bid, Government is looking to target small shareholders to buy into the telco as part of a "people's shares" scheme, although it accepts this might mean it won't get the highest price for its stake.

Instead, it's prepared to "consciously forego the idea of selling to obtain the highest possible price and is laying the foundations for Swisscom to be able to remain independent".

For its part, Swisscom has broadly welcomed the plan. Late last year the telco was forced to ditch plans to buy its Irish equivalent, Eircom, after it wase blocked by the Swiss Government. Officials were concerned Swisscom's plans to invest overseas were too risky.

In a statement today, Swisscom said: "The Federal Council has today published the consultation document for the disposal of the Swiss federal Government's majority holding in Swisscom. Swisscom will examine the document and accompanying measures in detail before responding.

"Swisscom views the proposal as positive overall and expects the political issue to be rapidly resolved. The sale of the Government's controlling interest will increase Swisscom's corporate strategic flexibility in a rapidly evolving international environment." ®

Boost IT visibility and business value

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
EE accused of silencing customer gripes on social media pages
Hello. HELLO. Can EVERYTHING EVERYWHERE HEAR ME?!
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
BT customers face broadband and landline price hikes
Poor punters won't be affected, telecoms giant claims
Broadband slow and expensive? Blame Telstra says CloudFlare
Won't peer, will gouge for Internet transit
prev story

Whitepapers

A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.