![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.32 | 0.53% | 60.76 | 60.67 | 60.86 | 60.76 | 60.76 | 60.76 | 329 | 15:30:48 |
By Manuela Mesco
MILAN--Italy's telecommunications giant Telecom Italia (TIT.MI, TI)) and internet company Fastweb, controlled by Switzerland's Swisscom AG (SCMN.VX), have signed a memorandum of understanding to develop the fiber optic network in Italy, the companies said Friday.
The two companies will share costs and investments in infrastructure construction, but "will retain total freedom and autonomy in the development of their own network platforms, technology decisions and commerical offerings," the statement said.
On Thursday, Fastweb announced a EUR400 million investment plan to bring fiber optic technology to 20% of Italian companies and families by 2014.
Telecom Italia's Chief Operating Officer Marco Patuano commented in the statement that the incumbent's plan is to reach 100 cities by 2014.
Write to Manuela Mesco at manuela.mesco@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Swisscom (PK) Chart |
1 Month Swisscom (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions