Swiss government scuppers eircom talks

5 Dec 2005

Swisscom has ended talks to buy Ireland’s national operator eircom after the Swiss government put pressure on the company not to make acquisitions abroad. The state, which holds a 66% stake in Swisscom, now plans to ban the company from making bids for companies overseas, saying that the rumours of a move for eircom had caused ‘public controversy’ and ‘great uncertainty’ among Swisscom customers, investors and employees. The telco will instead continue with and expand its main domestic operations and will invest USD760 million per annum in Switzerland on infrastructure and telecoms services. Political opposition and higher bids from rivals have already scuppered Swisscom’s attempts to take control of Telekom Austria and Cesky Telecom.

Ireland,Swisscom, eir (formerly Eircom),

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share