The chief executive of Swisscom has been found dead at his home in the city of Freiburg.
Police said it appeared Carsten Schloter, who was 49, had killed himself.
His death comes just days after Switzerland’s competition body said it was investigating the largest Swiss phone company.
That followed claims from a rival that the former monopoly had abused its market position in broadband internet for business clients.
Like other European telecoms companies, Swisscom has also been struggling with declining revenue and profit.
Schloter’s biggest decision after becoming CEO in 2006 was the acquisition, a year later, of Italian broadband network operator Fastweb to counter lacklustre growth in Switzerland, where Swisscom faced price pressure and increasing competition.
Swisscom later wrote down 1.3 billion euros ($1.72 billion), when Fastweb’s value slid during the eurozone debt crisis, and Schloter admitted overpaying for the deal.
He recently said in an interview that his biggest disappointment was the distance between him and his three young children, whom he saw far less frequently due to the breakdown of his marriage.
Schloter also described himself as a victim of modern communication, always on the go, and said it was all too easy to get lost in the stream of information.
“I find it increasingly difficult to unwind,” Schloter, told the Schweiz am Sonntag newspaper in an interview in May.
Swisscom’s majority owner, the Swiss government, expressed shock over Schloter’s death. “Swisscom has lost an excellent CEO, and Swiss business a defining personality,” said Doris Leuthard, the cabinet minister for the environment, transportation, energy and communications.
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Russian rumour mill suggests Putin suffering poor health | euronews, world news
- 3Slovenia becomes 11th EU nation to approve gay marriage | euronews, world news
- 4[LIVE] Germanwings passenger jet crashes in southern France, 148 people on board – authorities | euronews, world news
- 5Exclusive: CIA and Mossad are behind Boko Haram and ISIL, says Sudan president | euronews, world news
- 6Indian rapist says women to blame for being sexually assaulted | euronews, world news
- 7International news | euronews, latest international news
- 8French Alps plane crash treated as suicide and mass murder by co-pilot | euronews, world news
- 9Why is Bulgaria the EU’s most unhappy country? | euronews, world news
- 10Greece’s claim for war reparations from Germany explained | euronews, world news
- 11eurovibes - a selection of Europe’s best music talent
- 12Reaching new heights: Parents in India scale walls to ‘help students cheat’ | euronews, world news
- 13Tens of thousands march in Moscow in memory of Boris Nemtsov | euronews, world news
- 14Handwriting and the digital age, time for change in schools? | euronews, learning world
- 15London calling: why home-loving Hungarians are flocking to British capital | euronews, reporter
- 16International breaking news | euronews online world breaking news in video
- 17French prosecutor: Germanwings co-pilot appears to have crashed plane deliberately | euronews, world news
- 18Manufacturing jihad – Nicolas Hénin explains what he learned about ISIL | euronews, the global conversation
- 19Germanwings press conference mystery: what wasn’t he supposed to say? | euronews, world news
- 20Which EU country has the biggest gender pay gap? | euronews, world news
Wires > Business
- 06:48 CET Oman Air says orders 20 Boeing 737s; to double fleet by 2020
- 06:05 CET Volvo Cars to build U.S. plant to spearhead sales recovery
- 05:44 CET South Korea picks KAI, with Lockheed, for $7.9 billion fighter jet…
- 02:55 CET Japan industrial output decline raises doubts about domestic demand
- 02:29 CET South Korea expects to take 4-5 percent stake in China-led AIIB
- 02:20 CET Western banks axed 59,000 jobs last year, more cuts to come in…
- 02:06 CET Hong Kong retail rents drop as Chinese shoppers stop
- 20:06 CET Stocks likely to drift as investors await Fed, earnings