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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Swisscom AG    SCMN   CH0008742519

SWISSCOM AG

(SCMN)
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Swisscom Mulls Potential Sale of BICS Shares

07/17/2020 | 04:13am EST

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 0.65% 66.64 End-of-day quote.-19.21%
PROXIMUS SA 1.92% 18.04 Delayed Quote.-30.64%
SWISSCOM AG -0.61% 476.1 Delayed Quote.-6.55%
All news about SWISSCOM AG
12/01CONNECT TEST : Swisscom wins for eleventh year
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11/03ORACLE : Helps Communications Industry Drive Better Customer Experiences
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10/30Swiss watchdog clears Liberty Global's Sunrise deal
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10/23TELECOM ITALIA S P A : Italy vetoes 5G deal between Fastweb and China's Huawei -..
RE
10/23TELECOM ITALIA S P A : Italy vetoes 5G deal between Fastweb and China's Huawei -..
RE
10/09SWISSCOM : Italy's Fastweb makes working from home a permanent option for staff
RE
10/05SWISSCOM : Mila's ceo, chris viatte finds new investors to take the company inde..
AQ
09/30SWISSCOM AG : 3rd quarter report
CO
09/07SWISSCOM : Klementina Pejic appointed new Head of Human Resources
PU
More news
Financials
Sales 2020 11 100 M 12 478 M 12 478 M
Net income 2020 1 445 M 1 624 M 1 624 M
Net Debt 2020 8 646 M 9 718 M 9 718 M
P/E ratio 2020 17,1x
Yield 2020 4,59%
Capitalization 24 813 M 27 692 M 27 892 M
EV / Sales 2020 3,01x
EV / Sales 2021 3,01x
Nbr of Employees 19 026
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
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 495,32 CHF
Last Close Price 479,00 CHF
Spread / Highest target 31,5%
Spread / Average Target 3,41%
Spread / Lowest Target -29,0%
EPS Revisions
Managers
NameTitle
Urs Schäppi Chief Executive Officer
Hansueli Loosli Chairman
Mario Alois Rossi Chief Financial Officer
Christoph Aeschlimann Head-Information Technology & Network
Barbara Frei-Spreiter Director
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