ZURICH--Swisscom AG (SCMN.VX) Tuesday said it will take over 75%
of Telecom Liechtenstein AG.
MAIN FACTS:
- Swisscom and the Principality of Liechtenstein have signed a
declaration of intent for the takeover of 75% cent of Telecom
Liechtenstein AG's shares
- Swisscom is planning to take over the telecommunications
business and the telecoms infrastructure currently belonging to the
Liechtenstein power company, and to manage it through Swisscom
(Switzerland) Ltd.
- This will ensure that customers in Liechtenstein continue to
benefit from a modern telecoms infrastructure, attractive telecoms
products and services and excellent basic provision, also in the
future.
- The cable network activities of Telecom Liechtenstein and the
Swiss subsidiary Deep AG will not be included in the takeover.
- The Liechtenstein parliament will decide on the necessary
legal adjustments for the takeover towards the end of the year
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47;
zurichdjnews@dowjones.com
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