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    SCMN   CH0008742519

SWISSCOM AG

(SCMN)
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Swisscom Mulls Potential Sale of BICS Shares

07/17/2020 | 04:13am EDT

By Giulia Petroni

 

Swisscom AG said Friday that it is considering the sale of its 22.4% stake in Proximus Group's subsidiary BICS.

Following media reports, the Swiss telecommunications company confirmed shareholders of BICS--the company was previously known as Belgacom International Carrier Services--are exploring the potential sale of 51% of the company's shares.

Belgiun's Proximus holds a majority stake in BICS, followed by Swisscom, with the remainder held by South Africa's MTN Group Ltd.

No decision has been taken yet and it's currently not clear whether an agreement will be reached, according to Swisscom.

 

Write to Giulia Petroni at giulia.petroni@wsj.com

 

Stocks mentioned in the article
ChangeLast1st jan.
MTN GROUP LIMITED -0.89% 104.06 End-of-day quote.72.89%
PROXIMUS SA 3.83% 17.735 Real-time Quote.5.46%
SWISSCOM AG 0.07% 544 Delayed Quote.13.85%
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Financials
Sales 2021 11 195 M 12 339 M 12 339 M
Net income 2021 1 561 M 1 721 M 1 721 M
Net Debt 2021 8 072 M 8 896 M 8 896 M
P/E ratio 2021 17,9x
Yield 2021 4,05%
Capitalization 28 139 M 31 069 M 31 012 M
EV / Sales 2021 3,23x
EV / Sales 2022 3,19x
Nbr of Employees 19 077
Free-Float 49,0%
Chart SWISSCOM AG
Duration : Period :
Swisscom AG Technical Analysis Chart | SCMN | CH0008742519 | MarketScreener
Technical analysis trends SWISSCOM AG
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Last Close Price 543,20 CHF
Average target price 492,87 CHF
Spread / Average Target -9,27%
EPS Revisions
Managers and Directors
Urs Schńppi Chief Executive Officer
Eugen Stermetz Chief Financial Officer
Hansueli Loosli Chairman
Christoph Aeschlimann Head-Information Technology & Network
Barbara Frei-Spreiter Director
Sector and Competitors
1st jan.Capi. (M$)
SWISSCOM AG13.85%31 069
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NIPPON TELEGRAPH AND TELEPHONE CORPORATION6.52%93 196