Swiss Redux on Telecom Deals
Telecoms group Swisscom has been told it may buy foreign firms, reversing a previous order by the Swiss government.
Switzerland's leading telecoms firm was forced to abandon takeover talks with Ireland's Eircom earlier this month, after ministers objected to the deal.
The Swiss government currently controls Swisscom and argues foreign expansion could limit domestic investment.
While the new ruling will permit Swisscom to seeks deals abroad, it comes with strict conditions.
posted by Fergie @ 12/22/2005 07:20:00 AM
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