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Swisscom feels the heat of competition

This content was published on Feb 18, 2010 The group’s revenues dropped 1.6 per cent to SFr12 billion ($11.1 billion) in 2009 but profits rose nearly ten per cent to SFr1.9 billion thanks to a decrease in one-off charges from the previous year. The former state monopoly, which is still majority owned by the government, is facing increasing competition across the cable television,…