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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
ZURICH--Swisscom's Austrian subsidiary Hospitality Services GmbH is acquiring the operations of Deuromedia for an undisclosed sum, to strengthen its global position in entertainment services for hotels, Swisscom said Tuesday.
MAIN FACTS:
-Hospitality Services GmbH has signed an agreement with Deuromedia Technologies Entwicklungs- und Vertriebs-GmbH, by which it will take over all operations, including the existing contracts with its partners, customers, suppliers and employees and its Romanian subsidiary Deuromedia SRL.
-The deal will strengthen the global position of Swisscom's Hospitality division in Asia, Europe and the US thanks to its strong client portfolio.
-Following the completion of the transaction, Swisscom will merge Deuromedia's operations with its own and will fulfill the existing contractual obligations.
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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