Last $57.10 USD
Change Today -0.07 / -0.12%
Volume 5.2K
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As of 8:10 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

swisscom ag-sponsored adr (SCMWY) Snapshot

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52 Week High
05/19/14 - $61.53
52 Week Low
07/26/13 - $43.67
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swisscom ag-sponsored adr (SCMWY) Details

Swisscom AG provides telecommunication services primarily in Switzerland and Italy. It offers broadband, fixed-network, and mobile phone subscription services, as well as national and international telephone, and data traffic services for residential customers, and small and medium-sized enterprises; and value-added and TV services, as well as sells terminal equipment and operates a directories database. The company also provides information and communication technology infrastructure covering various products and solutions; fixed and mobile networks for other telecommunication service providers; roaming to foreign operators whose customers use its mobile networks; and broadband services and regulated products for other telecommunication service providers. In addition, it offers voice, data, Internet, and IP-TV services; video-on-demand services for residential and corporate customers; mobile phone services; and network services and customized solutions, as well as plans, operates, and maintains network infrastructure and related IT systems for fixed and mobile phone networks. Further, the company provides radio and multi-platform services for customers in the media sector and emergency radio in Switzerland, collection services for radio and TV license fees, and collection agency services; develops and operates mobile radio applications for GSM operators; constructs and maintains wired and wireless networks in Switzerland; and integrates and operates IT infrastructures. Additionally, it offers system integration and business process outsourcing services for the financial industry; SAP services; and Internet-based services to guests and customers in the hotel and congress sector in Europe and North America. The company has a strategic partnership with InterComponentWare AG. Swisscom AG was founded in 1998 and is headquartered in Worblaufen, Switzerland.

20,081 Employees
Last Reported Date: 05/7/14
Founded in 1998

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swisscom ag-sponsored adr (SCMWY) Key Developments

Swisscom Unveils Tapit Mobile Payments App

Swisscom has unveiled Tapit, a smartphone app which reportedly enables users to make payments and collect loyalty points in a single ecosystem. Tapit will initially enable cashless payments in shops in Switzerland and abroad using Visa credit cards and prepaid cards issued by Cornercard, with MasterCard credit cards issued by the Aduno Group/Viseca to follow in the near future. Tapit is a shared platform for the three mobile providers in Switzerland: Swisscom customers will be the first to benefit from Tapit; the service will be available to Orange and Sunrise customers at a later point this year. The time is therefore ripe for a new ecosystem: Tapit. The app relies on partnerships between mobile providers and established companies from the areas of finance and business. Tapit, developed by Swisscom, is an independent platform for the three mobile providers and, in cooperation with the financial sector, will be improved on an ongoing basis. The Tapit smartphone app is similar to a wallet to keep various credit, prepaid and debit cards, loyalty cards and access cards. Furthermore, Tapit allows users to use their smartphone to access buildings, replacing traditional badges. In the near future, customers will also be able to use Tapit to manage their loyalty cards, making it easier to collect loyalty points. Once the user's cards have been registered on Tapit, the smartphone can then be used to make payments or access buildings in a quick and convenient manner. For example, due to the contactless feature, users can make payments by holding their mobile phones up to 4 cm away from the terminal; the transaction is then completed within two seconds. The customer only needs to enter a PIN or password to confirm the purchase if the amount exceeds CHF 40. Billing takes place via the bank's monthly credit card or prepaid card statement. An encrypted connection is guaranteed, and the customer's SIM card is used to authenticate the user details securely. Tapit's payment function currently supports Visa payment cards issued by Cornercard. Additional card issuers are set to follow, including MasterCard cards from the Aduno Group/Viseca. UBS is currently in an intensive testing and pilot phase with its MasterCard and Visa products. Acceptance in shops and businesses will be high right from the start: customers will be able to use Tapit in all businesses that currently accept contactless payments. Tapit can also be used as an employee ID badge for entering buildings anywhere this function is supported. To do this, Tapit works in cooperation with LEGIC Identsystems AG and its partner network as well as Siemens. Tapit's employee ID function has already been successfully tested in own buildings. Coop has announced that it will give its customers the opportunity to collect Supercard points via Tapit from mid-2015. To use Tapit, users are required to have a MasterCard- or Visa-certified, NFC-compatible smartphone with an Android operating system, an NFC SIM card and a private customer subscription with a mobile provider. Tapit for the iPhone is still in development.

Feldschlosschen Beverages Group Deploys Swisscom's M2M Solution to Maintain Beer Tanks

The Feldschlosschen Beverages Group has deployed M2M solution from the Swisscom M2M Centre of Competence that reportedly enables Swiss customers to maintain the beer tanks and to submit timely orders for new deliveries. The tanks themselves trigger new orders when levels get low. Feldschlosschen is employing M2M technology at over 300 of its biggest clients in Switzerland. Sensors measure the filling level, temperature and pressure at the customer's premises. The data are regularly synchronised with "myBeer", an application developed specially for Feldschlosschen, using M2M technology. Simply by glancing at their tablet or smartphone, restaurateurs can see how their system is performing and react immediately should there be a temperature increase or fall in pressure. The current filling level can also be viewed in real time. The M2M solution not only makes everyday life simpler for catering businesses and hotels, but also helps boost efficiency and reduce costs at Feldschlosschen. M2M prevents incorrect order entries and allows the company to optimise its delivery runs.

Swisscom Announces Executive Changes

Swisscom announced that Marcel Walker is appointed as new head of cloud, data centre services. Marcel Walker now has overall responsibility for cloud and data centre services for Swisscom Enterprise Customers. He is taking this on in addition to his role as head of Swisscom's Banking division. Gunther Thiel, the current Head of Cloud, has decided to leave Swisscom at end-July.


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