Minimum Swiss internet speed to triple in 2020

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Investec
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The Federal Council, Switzerland’s executive, has confirmed a decision made by parliament to raise the minimum speed of broadband internet connections in Switzerland.

From 1 January 2020, the minimum download speed specified in Switzerland’s universal service agreement with Swisscom will rise from 3 to 10 megabits per second (Mbits/s) and the minimum upload speed will rise from 0.3 to 1 Mbit/s.

The change aims to boost social and economic activities that are underpinned by the internet.

Swisscom, which owns and manages much of the infrastructure that ultimately determines internet speeds, will be required to make the necessary changes required to deliver these new minimum speeds.

Swisscom, which is 51% owned by the federal government, agreed to offer a universal minimum level of telecommunication services when the sector was liberalised in 1998.

About Investec

Investec is a distinctive Specialist Bank and Asset Manager. We provide a diverse range of financial products and services to a niche client base in three principal markets, the United Kingdom, South Africa and Australia, as well as certain other geographies. Investec’s strategic goals are motivated by the desire to develop an efficient and integrated business on an international scale through the active pursuit of clearly established core competencies in the group’s principal business areas.

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