Swisscom CEO says Fastweb purchase to give co IPTV know-how

Swisscom AG will gain access to the know-how Fastweb SpA has in Internet protocol television (IPTV), whose high launch costs in the first quarter penalized the Swiss operator's results, said Swisscom CEO Carsten Schloter in an interview with daily Corriere della Sera.Swisscom has launched a 47 eur per share offer for Fastweb that runs to Tuesday. Fastweb shares are currently trading at 46.79 eur.

Schloter told the daily Fastweb is "an extremely advanced company. On our part, therefore, the best thing is to move with great caution investing along the lines of the management in order to maintain the competitive advantage and to make even more attractive the (commercial) offer for clients."
Separately, Schloter also said Swisscom will decide how to proceed on the basis of the acceptance level of the offer, which as of yesterday reached just 21.51 pct, daily Finanza & Mercati reported.



Más información:

• AFX Financial News

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