Swisscom Takes Steps Toward Privatization (Again)
A Reuters newswire article, via The International Herald Tribune, reports that:
Switzerland took its first step Wednesday in a plan to privatize Swisscom, the former telecommuniations monopoly that has been frustrated by the government in its efforts at foreign expansion.More here.
The country's federal council formally proposed a legal change to the law which, if approved by Parliament and a probable public referendum, would allow the government to sell its 62.45 percent stake, which at current market prices would be worth about 15 billion Swiss francs, or $11.65 billion.
posted by Fergie @ 4/05/2006 06:12:00 PM
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