Archive – Banking & Fintech

Merger shakes up Swiss telecom sector

This content was published on Nov 13, 2000 The deals agreed by Tele Danmark, which is 42 per cent owned by the US giant, SBC Communications, led to the postponement of the auction of Switzerland’s third generation mobile phone licences. Tele Danmark is to raise its stake in Sunrise Communications to 89 per cent by buying British Telecom’s entire share in the company…

Switzerland sells affordable dreams at London fair

This content was published on Nov 13, 2000 At a recent meeting of Swiss tourism executives, the economics minister, Pascal Couchepin, said it was the industry’s duty to sell dreams. For Switzerland, those dreams are an extremely valuable commodity. Tourism ranks third in Swiss export revenues behind the metal, machine and chemical industries, but ahead of watchmaking. Tourism had a 5.4 per cent…

Uncertainty over Swiss UMTS licence sale

This content was published on Nov 12, 2000 At nine o’clock in the morning, all eyes will be on the Internet at “umtsauction.ch” as the bidding starts for four Swiss licences for the Universal Mobile Telecommunications System (UMTS). However, there is speculation that two of the remaining five bidders, Sunrise and Diax, may shortly announce their merger. This would leave only four companies…

Business outlook

This content was published on Nov 12, 2000 Shares in the sector have performed in a lacklustre fashion over the last few months as companies across Europe have gone on a wild spending spree to secure one of the Universal Mobile Telecommunications System (UMTS) licences. Shares could take a tumble if markets think the auction is reaching unwarranted heights here in Switzerland. In…

Train chief confident Swiss funicular tunnels are safe

This content was published on Nov 12, 2000 On Saturday, a funicular train caught fire in a tunnel in Austria’s Kitzsteinhorn mountain, killing nearly all of the estimated 180 passengers on board. Bernhard Pfamatter said Saas-Fee’s “Metro-Alpin” railway was one of very few in Switzerland that was similar to Austria’s Kitzsteinhorn funicular railway. He added that the stations of the “Metro-Alpin” were constantly…

Swiss UMTS licences to go under the hammer

This content was published on Nov 12, 2000 At nine o’clock in the morning, all eyes will be on the Internet at “umtsauction.ch” as the bidding starts for four Swiss licences for the Universal Mobile Telecommunications System (UMTS). The new licences will enable providers to offer in the future a new range of fast mobile Internet, data and multimedia services that are way…

Swiss president sends condolences to Austria

This content was published on Nov 12, 2000 In his message to Austria’s president, Thomas Klestil, Ogi expressed his “deep shock” at the tragedy and offered condolences from his cabinet and the Swiss people. The Austrian government declared a state of national mourning in the wake of what is thought to be the worst alpine disaster in the country’s history. At least 155…

At least 150 killed in Austrian train blaze

This content was published on Nov 11, 2000 Eight passengers were reported to have escaped from the train, which is trapped deep inside a tunnel in the Kitzsteinhorn mountain, southwest of Salzburg. The Salzburg governor, Franz Schausberger, said: “There are at least 150 dead… primarily young people, who perhaps decided early today on the spur of the moment to do some winter sports.”…

Up to 172 feared killed in Austrian train fire

This content was published on Nov 11, 2000 Austrian state television said all but the eight passengers who escaped were thought to have suffocated. It added that the train was carrying an estimated 180 passengers. The fire occurred inside the 3,200 Kitzsteinhorn mountain, near the town of Kaprun, which lies southwest of Salzburg. The governor of Salzburg, Franz Schausberger, described the incident as…

The business week in Switzerland

This content was published on Nov 11, 2000 The week ended with fears that the auction for the third generation of mobile licences in Switzerland could turn into a farce, after four of the bidders pulled out of the race late in the week. Their withdrawal leaves only five of the original 10 bidders still in the race. With four UMTS licences to…

Archive – Banking & Fintech

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Archive – Banking & Fintech

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Merger shakes up Swiss telecom sector

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Switzerland sells affordable dreams at London fair

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Uncertainty over Swiss UMTS licence sale

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Business outlook

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Train chief confident Swiss funicular tunnels are safe

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Swiss UMTS licences to go under the hammer

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Swiss president sends condolences to Austria

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At least 150 killed in Austrian train blaze

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Up to 172 feared killed in Austrian train fire

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The business week in Switzerland

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