Zurich, Switzerland (TSR, Fre) – Swisscom’s first quarter profits were reduced by the cost of its 2007 buyout of the Italian telecom company Fastweb, falling to 7.2%, CHF 428 million. Its turnover, however, rose 23% compared to the first quarter of 2007, to CHF2.933 billion.
Related: "Swisscom profits up as it pulls out of NY Stock Exchange," 8 August 2007, GenevaLunch.
Posted by Ellen Wallace on 8 May 2008 at 9:40 | permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 8 May 2008.
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February 26th, 2010 at 1:21 pm
[...] (GenevaLunch) – The founder of Fastweb, Italian company purchased to much fanfare by Swisscom in 2007, has been arrested in Rome. Silvio Scaglia, one of Italy’s wealthiest men and for several [...]