Swisscom posts revenue growth of 17.6% (Switzerland)Swisscom, has posted it’s H1′08 earnings. Swisscom’s revenue grew by 17.6% to CHF 5.991 billion due to the acquisition of Italian broadband operator Fastweb in spring 2007.
It’s EBITDA grew by 18.9% to CHF 2.427 billion. It’s H1 profits, reduced by CHF 89 million to CHF 840 million, reason being the early termination of around 75% of the long-term leasing agreements which is already underway.
Swisscom’s mobile subscribers grew by 8.5% in the H1 to 5.2 million.
It’s revenues in Switzerland dropped 0.5 percent to CHF 4.233 billion. Revenue generated by new mobile data services (excluding SMS) increased by 32.8% to CHF 175 million in the space of a year. Apple’s iPhone 3G, is expected to ensure further growth in this area. Average revenue per user per month (ARPU) fell by 8.8 percent to CHF 52 as a result of price reductions, while the average number of minutes per user per month (AMPU) increased by 2.7 percent to 114.
