Salt records flat revenue growth for Q2

30 Aug 2018

Swiss full-service provider Salt has booked total revenue of CHF254.2 million (CHF260.8 million) for the three months ended 30 June 2018, largely unchanged from the CHF253.8 million recorded a year earlier. The operator reported a 7.3% year-on-year increase in EBITDA to CHF120.0 million, driven by a drop in interconnection costs and commercial expenses as a result of lower mobile termination rates (MTRs) and roaming costs and lower SMS volumes. Free cash flow was down by 49.2% annually, however, to CHF53.4 million. Salt attributed the drop to costs associated with its launch of fixed services earlier this year, as well as a decrease in net payables related to roaming, interconnection and IoT, and an income tax payment for the 2017 financial year.

Salt counted a total of 1.92 million mobile subscribers at end-June 2018, up 2.3% y-o-y as the cellco reported growth in both the pre-paid and post-paid segments. ARPU continued to dip, reaching CHF30.2 in Q2 2018, compared to CHF33.1 a year earlier. Salt began offering fibre-based broadband and pay-TV services in March this year, but did not disclose any operational data for the new operations. As previously reported by TeleGeography’s CommsUpdate, Salt made a surprise announcement in March to unveil the launch the new service, which offers broadband at speeds of up to 10Gbps, more than 300 channels plus an extensive VoD library and an Apple 4K TV for CHF49.94 per month – or CHF39.95 for its mobile customers.

Switzerland, Salt (Switzerland)