Thursday, November 24, 2005

Swiss Government Looks to Sell Swisscom Stake

A Bloomberg News article, via The International Herald Tribune, reports that:

The Swiss government said Thursday that it planned to amend existing telecommunications rules to be able to sell its entire Swisscom stake and improve the telephone company's chances of entering alliances.

It would take two to three years to put a legal framework in place for the state's exit from the largest Swiss phone company, the finance and communications ministries said. A decision on a sale of the state's current 66 percent stake in Swisscom would be made at a later date, they said.


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