Telecom operator Swisscom has revealed its Capex, revenue and Opex in Switzerland for the third quarter of 2022.
Swisscom’s capital expenditure (Capex) touched CHF 1.60 billion (–0.2 percent) for the third quarter of 2022.
Swisscom’s Capex in wireless was CHF 204 million (–17 percent) due to backlog of pending building permissions.
Swisscom’s Capex in Fibre was CHF 337 million (–9 percent), due to FTTS completion and COMCO fibre investigation into FTTH topology.
Swisscom’s Capex in Backbone & transport infrastructure was CHF 357 million (+30 percent), was due to its focus on reducing complexity, increase network stability and enable future cost savings.
Swisscom’s Capex in IT, CP equipment, others was CHF 263 million (+13 percent), due to push digitalisation, drive customer experience and increase efficiency further.
Swisscom’s Capex in the Swiss core business rose by 3.2 percent or CHF 36 million to CHF 1.161 billion. Capex in broadband and mobile communications networks declined, while capital expenditure in other infrastructure increased.
Fastweb’s capital expenditure rose 2.3 percent or EUR 10 million to EUR 449 million, fuelled by higher customer-driven Capex.
Swisscom said its expectations for EBITDA of around CHF 4.4 billion and capital expenditure of around CHF 2.3 billion for 2022 remain unchanged.
As at the end of September 2022, 90 percent of all Swiss homes and offices were connected with ultra-fast broadband exceeding 80 Mbps. 78 percent of all homes and offices benefited from fast connections at over 200 Mbps.
Swisscom cannot market nearly 400,000 fibre-to-the-home (FTTH) connections built using point-to-multipoint architecture (P2MP) due to the proceedings of the Competition Commission. Swisscom has decided to employ the point-to-point (P2P) architecture for the majority of new connections and to convert some existing P2MP connections into P2P to enable Internet users to use the FTTH connections in Switzerland.
Swisscom said there is no change in annual budget for fibre-optic investments of CHF 500 million to CHF 600 million. Since the expansion is going slow, Swisscom will be possible to connect 50-55 percent of connections with FTTH by 2025. Swisscom aims to invest in FTTH expansion after 2025 and will increase FTTH coverage to 70-80 percent by 2030.
