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Swisscom posts stable FY results despite decline in Swiss core business
2018-02-07 10:10:00| Telecompaper Headlines
(Telecompaper) Swisscom's results for 2017 remained at more or less the same level as in 2016. Net revenues increased slightly (+0.2 percent) to CHF 11.66 billion, however the core business in Switzerland sank by 2.1 percent to CHF 9.06 billion. EBITDA was unchanged at CHF 4.30 billion, and net income fell 2.2 percent to CHF 1.57 billion. Despite the tough competitive conditions in the Swiss market, the group said it recorded market success with TV connections, bundled offerings and business services for corporate customers, as well as at its Italian business Fastweb.
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Category:Telecommunications