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

Write to Zurich Bureau at zurichdjnews@dowjones.com

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