- Swisscom AG is a major telecommunications provider in Switzerland
Swisscom Net worth 2024 (estimated)
| How much is Swisscom worth? | Under review
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Swisscom facts
- Its headquarters are located at Worblaufen near Bern
- The Swiss Confederation owns 51
- 0 percent of Swisscom AG
- As of the end of 2015, Swisscom had around 21,000 employees and generated revenues of CHF 11,678 billions
- The Swiss telegraph network was first set up in 1852, followed by telephones in 1877
- The two networks were combined with the postal service in 1920 to form the PTT (Postal Telegraph and Telephone)
- It struggled to develop a homegrown digital network, with the first digital exchange launched in 1986, but pioneered the NATEL A mobile service in 1978 and the GSM-based NATEL D offering a digital service in 1993
- The Swiss telecommunications market was deregulated in 1997
- Telecom PTT was spun off and rebranded Swisscom ahead of a partial privatisation in 1998 which has left the Swiss government with a 51% stake
- 25% of Swisscom Mobile was sold to Vodafone in 2001
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