Swisscom

Swisscom operates as Switzerland's dominant telco through state ownership (51% Swiss Confederation) that prioritizes universal service over profit maximization. This hybrid public-private structure allows the company to invest in fiber-optic infrastructure reaching remote Alpine villages - deployments that pure private operators would skip as unprofitable. With 6+ million mobile subscribers and 1.6+ million broadband customers in a country of 8.7 million, Swisscom achieves near-total market penetration. The company's $11B+ annual revenue and consistent dividends prove that in telecom infrastructure, government ownership can coexist with commercial efficiency - but only in small, wealthy markets where universal service costs don't overwhelm revenues.