Management takes control of Swisscom subsidiary Comfone
15 March 2000
Swisscom is to put Comfone AG, its subsidiary focused on international roaming, on independent footing via a Management Buy Out: As of 1 April, the former head of Swisscom Mobile, Walter Heutschi, along with a small team, will take control of the company, which currently has 40 employees. Swisscom will retain a 25% holding in Comfone, now domiciled in Muri-Gümligen, canton Bern. Carsten Schloter will assume responsibility for mobile operations on top of his duties as a member of Swisscom"s Executive Board.
International roaming enables mobile customers to use their phones across country borders. Comfone´s business is based on over 200 international roaming agreements which Swisscom has concluded with mobile operators in more than 100 countries. Comfone provides network operators with special roaming solutions ranging from consultation to billing. International customers benefit from a comprehensive range of products, including data clearing, financial services, consultation, tests and training. Comfone currently operates over 500 roaming connections with 90 network operators, providing access to preferred partners via the roaming platform. Worldwide, roaming is increasingly becoming a business unto itself. As an independent company, Comfone will be better placed to harness the development potential of roaming while retaining employee know-how and customer loyalty. Swisscom will retain a 25% holding in Comfone.
Walter Heutschi successfully developed mobile communications in Switzerland over the past ten years. Swisscom CEO Jens Alder has said that Heutschi greatly influenced the Swiss telecommuni-cations sector: "Heutschi is the pioneer of mobile communications in Switzerland." By taking control of Comfone, Walter Heutschi has decided to set up and develop another future-oriented company in a growth area. Walter Heutschi commented: "I have achieved my objectives with Swisscom, I´m now able to concentrate fully on my specialist area, global roaming." Berne, 15 March 2000