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 Monday, March 10, 2008

Swisscom has announced that in the year ended 31 December 2007 revenues rose 14.9% to CHF11.09 billion (USD10.7 billion), while EBITDA was 18.9% higher at CHF4.5 billion. The increase was primarily attributable to Swisscom’s May 2007 acquisition of Italian ISP Fastweb. On a like-for-like basis net revenue increased by 0.3%; declining revenues from its traditional fixed line business were offset by growth in its outsourcing business and broadband operations. Gains from the sale of subsidiaries Antenna Hungaria and Infonet helped the company report a 29.4% increase in net income for the year, to CHF2.07 billion.

At the end of 2007 Swisscom claimed 5.29 million fixed lines in service, of which 1.6 million were DSL. At the same date the company had 5.01 million wireless customers, a net increase of 375,000.

Source: TeleGeography.