Swisscom beats analysts forecasts (but revenues fall)

8 Mar 2006

Swisscom has reported that net revenues fell 3.2% to CHF9.7 billion (USD7.43 billion) in the twelve months ended 31 December 2005, primarily as a result of two one-time effects: the sale of the International Carrier Services to Belgacom and a reduction in termination rates for mobile telephony, amounting to the loss of CHF279 million in revenues. EBITDA fell by 4.9% to CHF4.17 billion, while net income increased 26.7% to CHF2.02 billion. At the end of the year the company claimed 1.1 million ADSL customers, up from 802,000 a year earlier, and 4.28 million wireless users. As a result of burgeoning demand for high speed internet services, Swisscom has committed to rolling out a VDSL service in 2006 which will enable speeds of up to 25Mbps.

Switzerland, Swisscom