21 February 2000
debitel AG has been operating as a full-service provider in the German marketplace since 1991. debitel supplies solutions based on mobile telephony, fixed-line services and the Internet. debitel currently has more than 2000 employees and a customer base totalling around 4.5 million. This robust portfolio ranked debitel as the leading network-independent telecommunications company for 1999. Numerous international subsidiary companies and a dense sales network make debitel an ideal partner for Swisscom. The acquisition continues expansion of a unique position in Europe and sees the implementation of the VASP Model on the international stage. In debitel, Swisscom has found a strategic partner that complements its strengths in distribution and lean processes. debitel also contributes expertise in innovative telecommunication products and secure network accesses to complete the range of products and services. The new subsidiary does not just serve to expand the customer base, it also forms the bedrock for generating growth in important telecommunication sectors, greater competitiveness and added value for customers, investors and employees alike.