Swisscom considers sale of 22.4% Belgacom stake

Credit: REUTERS/ARND WIEGMANN

ZURICH, July 17 (Reuters) - Swisscom AG SCMN.S may sell its 22.4% stake in Belgacom International Carrier Services (BICS), the Swiss telecoms group said on Friday.

"Following media speculations in Belgium, Swisscom confirms that the shareholders of BICS (Belgacom International Carrier Services) are exploring a potential sale of 51% of BICS’s shares. As part of the potential transaction, Swisscom explores the sale of its 22.4% participation in BICS," the Swiss government-controlled phone company said, adding discussions with potential investors may not lead to a deal.

(Reporting by Michael Shields)

((Michael.Shields@thomsonreuters.com; +41 58 306 7461; Reuters Messaging: michael.shields.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.