Government delays Swisscom decision
The government on Wednesday announced it had postponed until next year a decision on selling its majority stake in Swisscom so it can study alternatives for the operator's future.
A statement from the cabinet office said the government believed there was now less pressure for a quick decision.
“Initially, it was expected that consolidation in the telecommunications sector would happen very quickly. In the meantime, a certain soberness has returned to the international telecommunications sector,” it said.
It also added that it did not expect approval for a planned sale at the current time.
The government had planned to put a proposal to the popular vote asking for approval to sell its stake in Swisscom and use the proceeds towards creating a postbank for the postal service. It has now dropped the idea.
The government has a 65.5 per cent stake in Swisscom.
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