Feeds

Swiss Govt to flog its share of Swisscom

Small investors offered 'people's shares'

Beginner's guide to SSL certificates

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." ®

Intelligent flash storage arrays

More from The Register

next story
TEEN RAMPAGE: Kids in iPhone 6 'Will it bend' YouTube 'prank'
iPhones bent in Norwich? As if the place wasn't weird enough
Crouching tiger, FAST ASLEEP dragon: Smugglers can't shift iPhone 6s
China's grey market reports 'sluggish' sales of Apple mobe
Sea-Me-We 5 construction starts
New sub cable to go live 2016
EE coughs to BROKEN data usage metrics BLUNDER that short-changes customers
Carrier apologises for 'inflated' measurements cockup
Comcast: Help, help, FCC. Netflix and pals are EXTORTIONISTS
The others guys are being mean so therefore ... monopoly all good, yeah?
Surprise: if you work from home you need the Internet
Buffer-rage sends Aussies out to experience road rage
EE buys 58 Phones 4u stores for £2.5m after picking over carcass
Operator says it will safeguard 359 jobs, plans lick of paint
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.