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Press release

Cablecom sale finalised

29 March 2000

The sale of Cablecom Group to NTL Inc. has been finalised. With the approval of the necessary authorities all of the conditions for closing of the transaction have been met. The sales price of CHF 5.8 billion (enterprise value) will go in equal parts to the former Cablecom shareholders; Swisscom, Siemens and Veba.

Berne, 29th March 2000


Swisscom AG
Media Relations
3050 Bern