Salt Q2 revenue dips 6.8% as subscriber base, ARPU declines

30 Aug 2017

French-owned wireless provider Salt has booked a 6.8% year-on-year drop in second quarter revenue, registering turnover of CHF253.8 million (USD267 million) for the three-month period, down from CHF272.3 million. Despite the dip in revenue, EBITDA increased by 5.6% y-o-y to CHF113.7 million, with Salt attributing the upswing to decreases in commercial expenses, interconnection costs – primarily in the form of lower mobile termination rates (MTRs) – and operating and technical expenses. Free cash flow for the period was CHF102.7 million, compared to CHF119.7 million in Q2 2016.

In operational terms, the cellco booked a 1.5% drop in its mobile subscriber base, to 1.876 million from 1.906 million, although its post-paid user base did see a small net increase of 39,000 subscribers, to 1.208 million. ARPU continued to decline, reaching CHF33.1 from CHF35.6 in the year-ago period.

Switzerland, Salt (Switzerland)