Swisscom results hurt by Italian Fastwebs drop in value

14th December 2011, Comments 0 comments ZURICH, SWITZERLAND - Swisscom, the Swiss telecommunications giant, announced 14 December that it will “charge to income an exceptional impairment” of CHF1.2 billion as a result in the fall in value of Italian mobile company Fastweb, which it bought in 2007. The Italian firm has grown well in the corporate market, where it is number [...]

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