Swisscom said its Capex fell 11 percent to CHF 1,632 million during the third quarter ended September 2020.
Swisscom connected around 4.3 million or 80 percent of homes and businesses to its ultra-fast broadband service that offer speeds in excess of 80 Mbps in Switzerland.
Meanwhile, 3 million or 56 percent of homes and offices enjoy connections with speeds of more than 200 Mbps.
Swisscom will make ultra-fast broadband available in every municipality by the end of 2021, even in remote locations.
Swisscom has set expansion targets up to 2025, with the claim of offering all customers the best network in Switzerland everywhere and at all times. By the end of 2025, FTTH coverage is set to double compared with 2019, reaching up to 60 percent.
The nationwide population coverage of Swisscom’s 4G/LTE network was 99 percent. Since the end of 2019, Swisscom has supplied 90 percent of the Swiss population with 5G coverage with speeds of up to 1 Gbps.
Data volumes on the mobile network increased by 29 percent in 2019 in comparison with the previous year. However, due to restrictions such as moratoria in some cantons, the implemented measures, such as additional antennas, frequency management and software upgrades, only increased the capacity of the mobile network by 5 percent.
The expansion of the mobile network and capacities is more important than ever in order to prevent data bottlenecks on the network and drive forward the digitisation of the economy and our society.
For the 2020 financial year, Swisscom still expects net revenue of around CHF 11.0 billion, EBITDA of around CHF 4.3 billion and capital expenditure of around CHF 2.3 billion.
Swisscom said revenue fell 2.1 percent to CHF 8,201 million. Swisscom generated revenue of CHF 6,148 million (-3.5 percent) in Switzerland.