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Swisscom to Buy 75% Stake in Telecom Liechtenstein

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Switzerland based Swisscom has announced plans to take over 75 percent of Telecom Liechtenstein for an undisclosed amount. This will involve taking over the telecommunications business and integrating it into its Swiss business.

The cable network activities of Telecom Liechtenstein and the Swiss subsidiary Deep AG will not be included in the takeover.

Swisscom currently holds a license for mobile services in Liechtenstein and used to be active in the local fixed network business there, but sold this to Liechtenstein in 2003.

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Tags: swisscom  telecom liechtenstein  Liechtenstein