Swisscom chief quits after clash with government

Swisscom CEO Jens Alder has resigned from his post, amid the national carrier's battle with the government over Swisscom's expansion plans, an Associated Press report said.

 

The report said Alder's resignation took effect immediately. He would be replaced by Carsten Schloter, CEO of Swisscom's mobile phone business, the report said.

 

There was no comment from Alder, who joined Swisscom's board in April 1998 and became chief executive the following year, the report said.

 

Swisscom's strategy was thrown into disarray in November when the government, still the majority shareholder, blocked the company's plan to buy Irish telecom company Eircom Group, the report said.

 

Earlier, the Swiss government vetoed foreign acquisitions by Swisscom, and its representative on the company's board voted against the planned acquisition, the report said.

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