24 April 2001
For Swisscom, as former joint owner, the divestment follows a focusing of its international strategy, centered on the growing mobile and data market. Swisscom expects to focus its ongoing French operations within its debitel France subsidiary. debitel France had a turnover of Euro 163 million in 2000.
Swisscom will give technical support to Estel during a transition period. Estel, founded in 1998 as a joint-venture of Swisscom and Electricité de Strasbourg, offers telecomunication services to about a 1000 business clients. It has a staff of 35 that will be taken over by CompleTel. Estel´s turnover for 2000 reached Euro 4.9 Million.
Electricité de Strasbourg (ES), one of the two former joint venture owners, has supported the divestment to CompleTel in order to offer ESTEL new growth prospects.
Pia Rogers ++41 31 342 91 93
Berne, 24. April 2001