Swisscom AG (SCMN.VX) Wednesday said it plans to overhaul its mobile network and will invest several hundreds of millions of Swiss francs over the next five years.

MAIN FACTS:

- Swisscom will update the technology of all mobile base stations.

- It will also increase network capacity at heavily frequented locations and press ahead with LTE expansion, and it has chosen Ericsson as its strategic partner for the network expansion.

- It will begin to implement the measures in January 2012.

- By mid-2014 Swisscom will have upgraded all 6,000 mobile base stations with new hardware and software and connected them to fast fibre-optic lines.

- These mobile transmission sites will thus be ready for the launch of the new LTE mobile technology.

- The more than 300 new mobile sites established each year will also be similarly fitted out.

- The antenna systems will not be affected, and the stringent radiation limits will continue to be met.

-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com

Swisscom (PK) (USOTC:SCMWY)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Swisscom (PK) Charts.
Swisscom (PK) (USOTC:SCMWY)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Swisscom (PK) Charts.