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Company Statement: Swisscom - City of St. Gallen and Swisscom sign fibre-optic agreement

( October 13, 2010, 08:01 GMT | Official Statement) -- MLex Summary: The Swiss telecoms incumbent Swisscom has announced the joint construction with the public utility in the town of St Gallen of a fibre-optic broadband network. Swisscom is assuming 60 percent of the cost, while St Gallen is contributing the rest. The network is based on a multi-fibre model aimed at ensuring competition in the broadband market will be safeguarded.The full statement follows:...

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