We reported the story pretty much in full in January, but you have to realise that these are phone companies that have not yet moved out of the dinosaur age of state control, so it has taken six months to complete the deal under which Berne-based Swiss Telecom will take a one-third stake in Unisource Holding BV, the Amsterdam-based telecommunications services joint venture in which Koninklijke PTT Telecom Nerderland NV and Televerket were previously 50-50 shareholders: the three partners will merge their data communications services in Switzerland, the Netherlands and Sweden and Swiss Telecom’s Telepac and arCom 400 data transmission systems will become part of a new Swiss Unisource subsidiary called Unisource Business Networks/UBN-CH: Swiss Telecom will invest about $92m in the new company and transfer equipment it values at $113m.
