Berne, 20 March 2007
The bid is intended for 100% of shares. Swisscom already owns 1.74% of Fastweb's shares. The maximum price payable is therefore equal to EUR 3.7 billion and is being financed by bank loans from a consortium of top-ranking international banks, which entered into a facility agreement to finance the offer.
As a strategic partner with a long-term focus, Swisscom is investing in Fastweb with the clear objective of building on the company's present competitive edge and technological dominance and of extending the company's product range. All Swisscom and Fastweb shareholders, customers and staff will benefit from the planned acquisition.