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0 0.00270802474514246 0.00270802474514246 0.00270802474514246 0.00270802474514246 -0.00148122331619763 -0.00148122331619763 -0.00252679271586657
Stock impact report

Switzerland Sees No Scope to Stop Swisscom Bid For Vodafone Unit [BNN Bloomberg (Canada)]

SWISSCOM AG S/ADR (SCMWY) 
NASDAQ:AMEX Investor Relations: swisscom.ch/en/about/investors.html
Company Research Source: BNN Bloomberg
Swisscom, which is majority-owned by the Swiss state, can buy companies abroad if this helps the business in Switzerland and the target firm doesn't hold a public service function, infrastructure minister Albert Roesti said in parliament on Monday. “If all these conditions — which have been agreed in the Federal Council's strategic objectives after consultation with the respective commissions — are met, I have to say: No, there is no possibility to block this,” he said. His remarks come after Switzerland's largest party, the right-wing SVP, had voiced opposition to the €8 billion ($8.7 billion) deal. At the time, Roesti's ministry had said the government had “dealt with the matter,” without elaborating further. ©2024 Bloomberg L.P. Show less Read more
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