Swisscom responds to Fastweb speculation

Swiss telco Swisscom has said it has yet to take a decision on buying out minority shareholders in its Italian subsidiary Fastweb after speculation about a delisting of the latter sent its share price up by 10%.

“Buying out minority shareholders of Fastweb has pros and cons. Whereas we are convinced it would be a good investment to own 100% instead of the current 82%, a buyout would also consume part of our limited financial capacity. We have to weigh the option to buy the minorities against the alternatives, and have not reached a decision on this matter,” Swisscom said.