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Swisscom is planning to take over 75% of Telecom Liechtenstein
September 11, 2012
BERNE, Switzerland -- Swisscom is planning to take over 75 percent of Telecom Liechtenstein. This will involve taking over the telecommunications business and integrating it into its Swiss business. Customers in Liechtenstein will benefit directly from Swisscom's wide-ranging product portfolio. Swisscom and Liechtenstein have already signed a declaration of intent.
Swisscom and the Principality of Liechtenstein have signed a declaration of intent for the takeover of 75 per 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 (LKW), 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.
Swisscom AG (NYSE: SCM)
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