At CHF 5.8 billion (€5.1bn), Swisscom’s net revenue for the first half of 2018 was above the previous year’s level (+ 2. per cent). Revenue in the Swiss core business, by contrast, fell by 1.9 per cent to CHF 4.4 billion, with telecommunications services revenue declining by over CHF 100 million due to pricing pressure and substitution effects.
The number of fixed-line broadband connections continued to increase steadily, growing by 39,000 to around 2.03 million year-on-year, which also benefited Swisscom TV. Although competition has intensified further given the offerings of cable network operators and other providers, Swisscom TV remains the most popular digital television in Switzerland. The number of TV connections rose by 54,000 or 3.7 per cent year-on-year to more than 1.5 million
CEO Urs Schaeppi, commenting on Swisscom’s business performance in the first half of 2018, said: “We reported a solid performance in the second quarter as well. Despite persistently strong competition driven by promotions and saturated markets, we once again made gains with our bundled offerings. I am particularly pleased that 1.5 million customers are using Swisscom TV, more than ever before. Fastweb in Italy also continues to enjoy growth. The situation with conventional fixed-line telephony remains a challenge, as structural factors are leading to a continued decline in the number of connections. Our initiatives to reduce costs are taking hold. We are on track for full-year 2018. This gives us the opportunity to continue investing in our networks in preparation for the upcoming 5G mobile communication standard. Our first field tests have already demonstrated how we can bring ultra-fast broadband to remote regions of Switzerland, while a 5G-enabled infrastructure makes further innovation and new applications in peripheral regions possible.”