News Column

Switzerland : SWISSCOM reports 3.2% rise in revenues for Q1

May 8, 2014

A 3.2% rise in revenues has been reported by Switzerland s dominant telco Swisscom for the first quarter to 31 March 2014 to CHF2.82 billion (USD3.22 billion), while EBITDA was up 2.9% year-over-year to reach CHF1.06 billion.

But still, the net income has been cut down from CHF388 million to CHF369 million as a result of enhanced depreciation and amortisation plus higher financial expenses.

In its domestic market sales increased by 2.4% to CHF2.09 billion, with losses from price erosion more than offset by gains from customer and volume growth. Revenue from the Italian broadband business Fastweb was down 0.8% at CHF483 million.

The firm s IPTV offering passed the one million subscriber milestone to reach 1.05 million at the end of March, up 22.3% from a year earlier in operational term.

Mobile customer numbers grew 2.5% to 6.43 million, while retail broadband access lines raised from 1.75 million a year ago to 1.83 million by 31 March 2014. The number of fixed lines in service cut down by 3.8% to 2.86 million. Fastweb s broadband subscriber base was up 6.6% to 1.98 million.

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Source: TendersInfo (India)