Additional distribution of Swisscom AG reserves and participation of the Swiss government in a buy-back of Swisscom shares
Bern, 16.2.2006 - The Federal Council has approved the additional distribution of reserves amounting to CHF 1.5 billion, as announced by Swisscom, in line with the government's strategic goals for 2006-2009. The additional distribution will be made in the form of share buy-backs. In the current year, Swisscom will pay out the first tranche of one billion francs, together with the ordinary distribution. The government intends to participate in the planned share buy-back in the form of a put option at a level that is at least proportionate to its shareholding.