8 Change of control and defensive mea­sures

Under the terms of the Telecom­mu­ni­ca­tions Enterprise Act (TEA), the Swiss Con­fed­er­a­tion must hold the majority of the capital and voting rights in Swisscom Ltd. This requirement is also set out in the Articles of In­cor­po­ra­tion. There is thus no duty to submit a takeover bid as defined in the Federal Act on Stock Exchanges and Securities Trading, since this would contradict the TEA.

Details on clauses on change of control are given in the section “Re­mu­ner­a­tion Report”.

See report page 96