SVP condemns Swisscom’s irresponsible “foreign adventure”
Published: Friday, Mar 15th 2024, 13:00
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The SVP has condemned the takeover of Vodafone Italia by Swisscom in the strongest possible terms. Companies with a de facto state guarantee should not carelessly put taxpayers' money at risk.
Obviously Swisscom has not learned from the past, the SVP wrote in a press release on Friday. It had already "lost billions" in Germany, Hungary and Malaysia. Getting involved abroad again is therefore "highly irresponsible".
The SVP is calling on the Federal Council to set clear limits for Swisscom management. It must stop negligent trading with an action for liability. And the ownership strategy must "include a mandatory ban on foreign adventures".
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