Full Description
Swisscom AG (SCMN.VX) (Virt-X Level 1)
sector: Telecommunications Services .
industry: Integrated Telecommunications Services ·
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Swisscom AG (Swisscom), along with its subsidiaries, offers telecommunication services primarily in Switzerland and Italy. The Company’ main segments are Residential Customers, Small and Medium-Sized Enterprises, Corporate Business, Wholesale and Networks, which belong to Swisscom Switzerland, and Fastweb, Other operating segments and Group Headquarters. During the year ended December 31, 2008, Swisscom acquired a 100% share in local.ch AG from the PubliDirect. Swisscom also acquired the remaining shares in coComment B.V. in 2008. On September 1, 2008, Swisscom sold all its shares in Minick Holding AG to the German Net Mobile AG. In 2008, Swisscom Central & Eastern Europe sold all its shares in Air Bites Polska sp. z.o.o. In November 2009, Swisscom AG acquired WECO Inkasso AG, a subsidiary of Credit Suisse.
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