Swisscom selling off property interests

Swisscom is selling property to concentrate on its core business Keystone Archive

The country's largest telecommunications company, Swisscom, is to sell 28 of its properties to a consortium led by Credit Suisse Asset Management. The transaction is worth around SFr1.272 billion ($770 million).

This content was published on March 2, 2001 - 11:51

Most of the buildings are located in prime city areas across the country.

Swiss Prime Site, which announced its merger with Feldschlösschen-Hürlimann Holding a few days ago, is putting up the lion's share of the asking price with SFr706 million.

By selling its property portfolio, Swisscom hopes to concentrate on its core activities. Negotiations are underway about the sale of a further 162 sites.

After taxes, Swisscom says it will gain a profit of around SFr500 million from the two transactions.

swissinfo with agencies

This article was automatically imported from our old content management system. If you see any display errors, please let us know:

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Change your password

Do you really want to delete your profile?