2.2 Major shareholders
Under Article 120 of the Financial Market Infrastructure Act (FinMIA), shareholdings of any person or group that is subject to the disclosure obligation must be disclosed when they reach or exceed certain percentages – beginning with 3% of the voting rights – or subsequently fall below this threshold, irrespective of whether the shareholder can exercise voting rights. Swisscom is obligated to report such disclosure of third party shareholdings to SIX Exchange Regulations.
The shareholding notifications can be viewed on the SIX Exchange Regulation SIX Exchange Regulaion site.
No notifications were received in the reporting year. According to earlier notifications, the following shareholders hold over 3% of voting rights:
- 2024 notification: UBS Fund Management (Switzerland) Ltd 3.46%
- 2017 notification: BlackRock Inc., New York 3.44%
Under the Telecommunications Enterprise Act (TEA), the Swiss Confederation holds the majority of the share capital and voting rights of Swisscom Ltd; as of 31 December 2025, its stake was 50.95% – unchanged from the previous year. The Federal Council defines the goals that the Confederation aims to achieve as majority shareholder of the company in four-year cycles. The Federal Department of the Environment, Transport, Energy and Communications (DETEC) and the Federal Department of Finance (FDF) generally conduct stakeholder talks with the Chair of the Board of Directors, the Group CEO, the Group CFO and the representative of the Confederation three times a year, led by the Head of DETEC. The Head of Group Security & Corporate Affairs also participates in their capacity as Secretary of the Board. The participants use these talks to assess progress against goals, while the Federal Council assesses overall goal achievement after the close of each financial year.