Over the year, the company’s broadband connections rose by 30,000 or 1.5% to 2.03 million, while Swisscom TV connections grew by 57,000 or 3.9% to 1.51 million. Swisscom added 9,000 TV customers in the third quarter.
In terms of bundled offers, Swisscom had a total of 2.12 million inOne customers at the end of September, an increase of 779,000 in the first nine months of the year. This means that inOne covers 49% of all mobile subscriptions and 53% of fixed-line broadband connections.
Overall, Swisscom’s Q3 revenues reached CHF8.7 billion (€7.6 billion), up just 1% year-on-year. The company said that market saturation and intense competition had an impact on its core Swiss market, which saw revenue decrease by 2.2%. Revenue on telecommunication services fell by CHF 179 million, mainly due to ongoing price pressure and the drop in fixed-line telephony.
Consolidated EBITDA totalled CHF3.2 billion, 3.7% below that of the previous year. On a comparable basis, Swisscom’s EBITDA decreased by CHF6 million or 0.2%. In the core Swiss market, EBITDA excluding non-recurring items fell by 2.8%.
ICYMI: KKR plans German media powerhouse with Tele München acquisition. digitaltveurope.com/2019/02/21/kkr… https://t.co/hXZUVsq0Bt
21st February 2019