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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Swisscom AG (PK) | USOTC:SCMWY | OTCMarkets | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.165 | 0.27% | 60.605 | 60.34 | 60.87 | 60.76 | 60.605 | 60.76 | 955 | 17:38:05 |
From Aug 2019 to Aug 2024
By Manuela Mesco
MILAN--Fastweb SpA, an Italian telecommunications company controlled by Switzerland's Swisscom AG (SCMN.VX), will invest 400 million euros ($515 million) in Italy's fiber-optic network, the company said Thursday.
Fastweb said the investment will allow the company to reach 20% of Italian companies and families--5.5 million families and companies--by the end of 2014.
The Internet provider said the sum will add up to a previously announced investment of EUR1.6 billion that the company will spend in the next four years strengthening the network.
The additional sum announced Thursday will be used to build a combination of fiber-to-the-home and fiber-to-the cabinet technology, the company said.
Write to Manuela Mesco at manuela.mesco@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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