Berne, 20 September 2010
On 8 September 2010, Swisscom announced its intention to take over the minority interests in Fastweb of 17.918% via its subsidiary Swisscom Italia and to delist Fastweb from the Milan stock exchange. Swisscom Italia today submitted the required offer, the so-called prospectus, to the Italian stock exchange regulator, Consob, for review. Swisscom assumes that the offer period will start in the second week of October and will probably end in mid-November. Swisscom will announce the exact dates of the offer period as soon as Consob has approved the prospectus.
As a strategic partner with a long-term focus, Swisscom is investing in Fastweb with the clear objective of building on the company's existing competitive advantage and technological edge, as well as extending the company's portfolio of service offerings.