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SCMWY Swisscom AG (PK)

64.89
0.05 (0.08%)
Last Updated: 18:53:30
Delayed by 15 minutes
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
  0.05 0.08% 64.89 64.06 64.89 64.89 64.06 64.125 3,440 18:53:30

Italy's Wind Interested In 3, Tiscali, FastWeb Deal - Sawiris

11/07/2011 3:53pm

Dow Jones News


Swisscom (PK) (USOTC:SCMWY)
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Italian mobile operator Wind Telecommunicazioni SpA is ready to consider integrating with other telecommunications operators in the country, including Hutchison Whampoa Ltd.'s (0013.HK) 3 Italia, but it has yet to start talks, a shareholder in Wind's parent company said Monday.

"We are completely open to integration with all the three companies you mentioned," Naguib Sawiris told a news conference in reply to a question about Wind's possible interest in Internet services provider Tiscali SpA (TIS.MI), 3 Italia and FastWeb SpA.

"There are synergies for sure, but there's nothing concrete right now," he added.

Sawiris, an Egyptian billionaire, didn't elaborate.

He has become a shareholder of VimpelCom Ltd. (VIP) after completing the $6 billion sale of telecommunications assets held by Orascom Telecom Holding (ORTE.CI) to the Russian telecommunications operator in April.

The assets include a stake of more than 50% in Wind.

FastWeb, a unit of Swisscom AG (SCMN.VX), runs a fiber-optic network.

-By Giada Zampano and Gilles Castonguay, Dow Jones Newswires; +39 02 5821-9908; gilles.castonguay@dowjones.com

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