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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.79 | 1.42% | 56.45 | 54.87 | 57.43 | 56.45 | 55.62 | 55.62 | 9,266 | 21:05:08 |
From Jun 2019 to Jun 2024
By Giulia Petroni
Swisscom AG said Friday that it is considering the sale of its 22.4% stake in Proximus Group's subsidiary BICS.
Following media reports, the Swiss telecommunications company confirmed shareholders of BICS--the company was previously known as Belgacom International Carrier Services--are exploring the potential sale of 51% of the company's shares.
Belgiun's Proximus holds a majority stake in BICS, followed by Swisscom, with the remainder held by South Africa's MTN Group Ltd.
No decision has been taken yet and it's currently not clear whether an agreement will be reached, according to Swisscom.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
July 17, 2020 04:12 ET (08:12 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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