Skiplink Navigation

Main Features

Swisscom feels the heat of competition

Switzerland’s largest telecommunications company, Swisscom, says tougher competition will keep its sales and profit under pressure in 2010.

The company made a net profit of SFr1.925 billion ($1.78 billion) in 2009 when lower depreciation charges helped to offset weaker domestic demand.

The former state monopoly said in a statement that its key Swiss business would continue to decline this year as a result of ongoing competition, unbundling and a levelling-off of growth in the mobile and broadband market.

Swisscom’s fourth-quarter profit was SFr401 million, below analysts’ average expectations of SFr438 million.

The group’s Italian broadband operator, Fastweb, has reported a 2009 net profit of €35.6 million (SFr52.2 million).

Swisscom bought Fastweb in 2007, returning to a more aggressive strategy to counter lacklustre growth at home.

The company’s share price rose 16.5 per cent in 2009. The board of directors is to propose a dividend of SFr20 (SFr19 for 2008) at the annual shareholders’ meeting. and agencies


Neuer Inhalt

Horizontal Line

subscription form

Form for signing up for free newsletter.

Sign up for our free newsletters and get the top stories delivered to your inbox.

Click here to see more newsletters

swissinfo EN

The following content is sourced from external partners. We cannot guarantee that it is suitable for the visually or hearing impaired.

Join us on Facebook!