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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.05 | 0.08% | 64.89 | 64.06 | 64.89 | 64.89 | 64.06 | 64.125 | 3,440 | 18:53:30 |
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
1 Year Swisscom (PK) Chart |
1 Month Swisscom (PK) Chart |
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