Swisscom is the leading Swiss telecommunications company. It benefits from strong shares of both its fixed and mobile domestic markets, where competitive pressures are fewer than within the European Union. The recent acquisition of Fastweb, the number two player in Italian broadband, offers a growth opportunity in a large and under-penetrated market. The stock boasts a high level of free cash flow generation and 4% dividend yield, which compares favourably with a Swiss long bond yield of just 3%.
| Sedol |
Type |
Price |
Date |
| 5533976 |
Buy |
CHF 434.304 |
17/09/2007 | |
