The Financial Times is reporting that the finance ministers of Austria and Switzerland will meet tonight over dinner to discuss possible cooperation in assisting a merger between Swisscom and Telekom Austria. The meeting between Karl Heinz Grasser and Hans Rudolph Merz is austensibly focused on bilateral political issues, but discussions are likely to include the repeated attempts by Swisscom to buy its smaller Austrian neighbour. Swisscom’s initial approach was rebuffed on the basis of price and a second attempt to begin talks broke down at an early stage over Austrian concerns about ownership; as it stands the Swiss government owns 64% of Swisscom, leaving the possibility that a merged telco would be majority owned by the Bern administration.
Have feedback, corrections, or story ideas? Send them to firstname.lastname@example.org.
Browse Past Issues
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors