Swisscom Mulls Potential Sale of BICS Shares
July 17 2020 - 3:27AM
Dow Jones News
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
(END) Dow Jones Newswires
July 17, 2020 04:12 ET (08:12 GMT)
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