Swisscom gets approval for foreign takeovers

Article Abstract:

Swisscom AG of Switzerland, formerly a crown corporation has had a ban on acquistions removed by the Swiss government. The telecommunications concern is allowed to have acquisitions or investments with a maximum of 1.5 times gross earnings or approximately 5 billion Swiss Francs ($4 billion). However, it cannot acquire foreign companies with a universal-service obligation.

Legal issues & crime, Government regulation (cont), Government regulation, Legal/Government Regulation, Laws, regulations and rules, Acquisitions and mergers

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Swisscom eases plans to invest in foreign firms

Article Abstract:

Swisscom AG of Switzerland is in controversy with the Swiss government over whether the telecommunications company should expand beyond Switzerland. The telecommunications company promised to invest in its home market (approximately $760 million) while investing modestly in foreign markets to quell fears that a major acquisition would destroy its share value.

Foreign operations

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Alder steps down from Swisscom after Eircom row

Article Abstract:

Chief Executive Officer Jens Alder, Swisscom AG of Switzerland has resigned after a heated debate with the Swiss government that has blocked the telecommunications companies expansion plans. Mr. Alder is to be succeeded by Carsten Schloter. The Swiss government currently owns 62 percent of the telecommunications concern which is to be privatized.

Executive changes & profiles, Officials and employees

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