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General

Swisscom revenues drop 1.9%, net profit grows 2.5%

Wednesday 3 May 2017 | 09:19 CET | News
Update: 3 May 2017 | 09:50 CET
Swisscom reported revenues of CHF 2.83 billion for the first quarter of this year, down by 1.9 percent compared with the same period in 2016. The revenue decrease was caused by strong pressure on prices and increasing market saturation. In the first three months, Swisscom revenue from telecommunications services fell by CHF 37 million (-2.2%). Around 50 percent of this decrease in revenue was the result of a decline in subscribers in fixed-line telephony, while the other 50 percent was due to price reductions, including roaming, and a decline in corporate business. Due to its continued active

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[03/05/2017 09:40- Update: Added Swiss revenue, customer information]
[03/05/2017 09:50- Update: Added Capex, Fastweb information]


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Categories: General
Companies: Swisscom
Countries: Italy / Switzerland
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