Swisscom CEO Rules Out Foreign Acquisitions - Report
December 07 2012 - 3:40AM
Dow Jones News
ZURICH--The chief executive of Swisscom AG (SCMN.VX), Carsten
Schloter, has ruled out any further overseas acquisitions, Swiss
news agency AWP reports Friday.
"The time for foreign engagements is over," Mr. Schloter told
the agency in an interview. "Our focus in the next few years must
be on our business in Switzerland and Italy."
Swisscom's Italian subsidiary Fastweb, which in recent years has
underperformed, is now doing well, Mr. Schloter said in a interview
published on web site computerworld.ch.
News website: www.computerworld.ch
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