Swisscom plans Capex of CHF 2.3 bn in 2023

Swisscom, in its earnings report, has revealed that its capital expenditure (Capex) will be around CHF 2.3 billion in 2023.
Swisscom said its capital expenditure remained high in 2022 at CHF 2.309 billion (+1 percent) in 2022 as it invested in the network quality, coverage and performance of its network infrastructure.

Swisscom has already covered 74 percent of the Switzerland population with 5G+.

Swisscom will increase fiber-to-the-home (FTTH) coverage to 50-55 percent by the end of 2025 and 70-80 percent by 2030.

Swisscom said 1.93 million residential customers were using blue subscriptions. blue accounts for 46 percent of all mobile subscriptions and 80 percent of fixed-network broadband connections in this segment. Swisscom said the number of fixed broadband connections decreased by 0.5 percent to 2.03 million connections and TV by 1.3 percent to 1.57 million connections.

The number of postpaid lines increased by 166,000 year-on-year, while the number of prepaid lines decreased by 170,000. Overall, the number of Swisscom mobile access lines remained stable at 6.17 million.

Swisscom’s revenue fell 0.6 percent to CHF 11.112 billion in 2022. In the Swiss core business, sales increased slightly by CHF 37 million to CHF 8,270 million (+0.4 percent). Sales of telecoms services decreased overall by 0.9 percent to CHF 5.449 billion.

Net income of Swisscom decreased 12.5 percent to CHF 1.603 billion in 2022.

In 2022, total energy efficiency (electricity + heating fuels + vehicle fuels) in Switzerland was increased by 4.5 percent. In addition, Swisscom saved 20 GWh of electricity last year through technology improvements, efficiency measures and phase-outs.