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SCMWY Swisscom AG (PK)

64.771
-0.069 (-0.11%)
Last Updated: 17:25:57
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
  -0.069 -0.11% 64.771 64.06 64.89 64.87 64.125 64.125 2,218 17:25:57

Swisscom To Pay CHF360 Million In Swiss Mobile Frequency Auction

23/02/2012 9:19am

Dow Jones News


Swisscom (PK) (USOTC:SCMWY)
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Telecommunications company Swisscom AG (SCMN.VX) Thursday said it has agreed to pay 360 million Swiss francs ($397 million) in the mobile frequency spectrum auction for Switzerland.

"The mobile frequency auction was a success for Swisscom. The company acquired spectrum for operation of the mobile network in all of the preferred frequency ranges," the company said.

The wireless licences newly issued by the Swiss Communications Commission will run until the end of 2028.

-By John Revill, Dow Jones Newswires; +41 43 443 8042 ; john.revill@dowjones.com

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