TV contributes to Swisscom bundling success

Swiss telco Swisscom said that TV had made an important contribution to the success of its bundled offers after Q3 growth took its TV base to 1.51 million customers, up 3.9% year-on-year.

Over the year, the company’s broadband connections rose by 30,000 or 1.5% to 2.03 million, while Swisscom TV connections grew by 57,000 or 3.9% to 1.51 million. Swisscom added 9,000 TV customers in the third quarter.

In terms of bundled offers, Swisscom had a total of 2.12 million inOne customers at the end of September, an increase of 779,000 in the first nine months of the year. This means that inOne covers 49% of all mobile subscriptions and 53% of fixed-line broadband connections.

Overall, Swisscom’s Q3 revenues reached CHF8.7 billion (€7.6 billion), up just 1% year-on-year. The company said that market saturation and intense competition had an impact on its core Swiss market, which saw revenue decrease by 2.2%. Revenue on telecommunication services fell by CHF 179 million, mainly due to ongoing price pressure and the drop in fixed-line telephony.

Consolidated EBITDA totalled CHF3.2 billion, 3.7% below that of the previous year. On a comparable basis, Swisscom’s EBITDA decreased by CHF6 million or 0.2%. In the core Swiss market, EBITDA excluding non-recurring items fell by 2.8%.