Swisscom antitrust conditions would lead to more roadworks, executive says [Reuters]
SWISSCOM AG S/ADR (SCMWY)
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Source: Reuters
cable network expansion, a senior executive at the telecom provider was quoted as saying on Sunday. In late 2020, the Swiss Competition Commission (WEKO) opened an investigation into Swisscom's fibre-optic expansion and ordered interim antitrust measures on the grounds it could exclude competitors and lead to the abuse of its leading market position. The company appealed the steps. Swisscom's (SCMN.S) , opens new tab head of regulatory and policy, Thomas Stemmler, told the SonntagsZeitung newspaper the requirements set out by WEKO meant that many roads would have to be dug up to lay thicker pipe for additional cables. "For us, this means that we have to dig up 3,200 kilometers more roads to put down new lines," he said. The newspaper said experts estimated the costs for the work could run to some 2 billion Swiss francs ($2.22 billion). A spokesperson for Swisscom declined to comment on the expansion cost estimates published by the paper and how many roads had been complete
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