Swisscom AG CEO Carsten Schloter has been found dead at his home in what police are describing as a suspected case of suicide, reports Reuters.
Schloter, who joined Swisscom in 2000, had been under increasing pressure in recent times, and not just because of fierce competition in the domestic market. Last Friday the Swiss competition authority announced that it was to conduct an investigation into allegations that the incumbent had abused its dominant market position in broadband delivery, allegations that the operator strenuously denies.
The head of Swisscom's domestic unit, Urs Schaeppi, will take overall control of management on a temporary basis.
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