Swiss government relinquishes its holding in telecom provider Swisscom

Last Wednesday the Swiss government opened the consultation procedure on relinquishing its holding in the telecom provider Swisscom. The Swisscom's board of directors had already announced that in principle it considered the withdrawal of the Confederation as a majority shareholder to be a positive one.

According to the Federal Department of Finance it is important for Swisscom as a publicly listed company, that the framework for the future is established as quickly as possible. This is why the government has decided to shorten the deadline for responses of the interested parties to a month only. In the event of a referendum, this procedure would enable it to be held on 11 March 2007.

read also the press release of Swisscom as of last Wednesday.


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