Swisscom releases January-September 2008 Interim Report
Wednesday, November 5th, 2008BERNE, Switzerland — Swisscom (Swiss: SCMN) closed the first nine months of 2008 with net revenue up 12.4% to CHF 9,085 million and operating income (EBITDA) up 10.4% to CHF 3,615 million, primarily due to the acquisition of Italy-based Fastweb in May 2007.
As at the end of September 2008 «Bluewin TV» was used by 95,000 paying customers. Net growth in Bluewin TV customers compared with the previous year amounted to around 43,000 customers, including 36,000 since the end of 2007 (in the third quarter +15,000). The possibility of self-installation again greatly reduced the average one-time cost per new customer, including installation, devices, etc. At the end of February 2008, Swisscom added four channels in high-definition quality (HDTV) to its channel line-up at Bluewin TV, and at the same time launched an offering for first-time users, without a hard-disc recorder.
1.1.-30.9.2007 1.1.-30.9.2008 Change -------------- -------------- ------ Bluewin TV customers (at 30.9) 52000 95000 82.7%
Fastweb
Fastweb is included in the consolidated financial statements since the completion of the acquisition on May 22, 2007. Fastweb is the second-largest provider of broadband telecommunication services in Italy. Their wide product portfolio comprises language, data, Internet, TV (IPTV) services and video on demand for residential and corporate customers.
More: Earnings Release
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