State cuts Swisscom stake

24 Jan 2014

The government has trimmed its holding in fixed line incumbent and Switzerland’s largest telco by subscribers, Swisscom, by 5.22 percentage points, bringing the state’s ownership of the telco down to 51.22%, according to Reuters, which added that the sale raised CHF1.247 billion (USD1.376 billion).

Switzerland, Swisscom,

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