Swisscom ups stake in Germany's debitel

Swisscom now has a 94 per cent share in debitel Keystone Archive

Switzerland's largest telecommunications operator, Swisscom, has increased its stake in the German mobile company, debitel, to 94 per cent. It has bought the 10 per cent holding of the Metro concern for SFr460 million ($259 million).

This content was published on July 12, 2001 minutes

A statement on Thursday said the deal was a purely financial transaction and was the fulfilment of the original option agreement made when Swisscom bought a majority stake in debitel in 1999.

It added that the close cooperation between debitel and Metro would not be affected by the move.

Germany's debitel which is the largest network-independent service provider in Europe, is strategically important for Swisscom. It brings in about one third of the revenues of the Swisscom group and has a European customer base of 9.3 million.

In 1999, debitel achieved revenues of SFr3.993 million.

swissinfo with agencies

Articles in this story

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Share this story

Change your password

Do you really want to delete your profile?