Swisscom - Stable core business with strong increase in customers

Wednesday, March 4th, 2009
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BERNE — Swisscom (Swiss: SCMN) closed the 2008 financial year with net revenue up 10.0% to CHF 12,198 million and operating income (EBITDA) up 6.4% to CHF 4,789 million, largely due to Fastweb.

Bluewin TV doubles customers

Fixed broadband communications recorded sustained year-on-year growth, with the number of DSL broadband lines growing by 154,000 or 9.6% to 1.76 million. Retail broadband access lines increased by 13.8% compared with a 1.6% decline in other providers’ broadband access lines.

By the end of 2008 Bluewin TV had doubled its customer base year-on-year to 118,000. Average one-time costs per new customer, including installation and equipment, were reduced significantly thanks to the introduction of self-installation. At the end of February 2008 Swisscom added four new high-definition (HDTV) channels to its Bluewin TV offering while also launching an offer for first-time users without a recording function and high definition.

(thousands)               2008  2007  Change
                          ----  ----  ------
Bluewin TV customers       118    59    100%

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