SWISSCOM ANNOUNCES 3.3% INCREASE IN NET TURNOVER (1997)...

Switzerland's state telecommunications operator, Swisscom, has announced a 3.3% increase in net turnover for 1997 from 9.532 to 9.842 billion Swiss Francs (USD6.5 billion). In a statement issued on July 22, the group further announced the sale in October of up to 49.9% of capital. Fixed telephony accounted for SF6.668 billion, mobile telephony 1.371 billion and data and multimedia services 824 million. Swisscom has posted an operating profit of SF314 million (USD210 million) for 1997, compared with 2.505 billion the previous year, having offset SF1.726...