Help Desk -
9717405332, 9810335381 @info@telecomguru.co.in
704-B, Millennium Plaza, Sushant Lok-I, Gurgaon

Swisscom Announced Q3 Result

Financial results News - Published on Thu, 07 Nov 2019

Image Source: scsstatic
Mr Urs Schaeppi CEO said that “Swisscom is reporting solid results and a good market performance – despite market saturation, tough competition and persistent price pressure in all segments. Our products have performed very well: the number of broadband and TV connections grew in the last quarter. Our latest inOne mobile offering also continues to enjoy high demand and is today used by around 890,000 customers. Interestingly, the holiday season highlighted that our customers with unlimited roaming actually use more mobile data when travelling in Europe than when in Switzerland. Switzerland needs powerful, state-of-the-art infrastructure to cope with the enormous data volumes and demand for stationary and mobile applications on the part of our residential and business customers. That is why Swisscom is expanding the 5G mobile network further and making modern fibre-optic technologies available to an average of one new municipality per day. By the end of 2021, Swisscom will provide ultra-fast broadband to all Swiss municipalities and to 90% of homes and offices in Switzerland. Our Fastweb subsidiary also performed well again, increasing its residential and business customer bases.”

Highlights

1. Group revenue down slightly due to price erosion in Switzerland

2. Operating income before depreciation and amortisation remains stable

3. Successful bundled offerings: inOne continues to grow, reaching 2.67 million customers

4. Tough competition in corporate business continues

5. Fastweb registers growth

6. Sustained high investment in networks

7. Marc Werner, Head of Sales & Services and Member of the Group Executive Board, is to leave Swisscom. SAS and Products & Marketing will be merged to form the new Retail Customers division, which will be led by the existing Head of PMK, Dirk Wierzbitzki.

8. Outlook for full-year 2019 remains unchanged

Source :

Posted By : TelecomGuru on Thu, 07 Nov 2019
Related News from Financial Results segment