In Q3 15, revenues declined marginally by 1.2% to CHF2.89bn. EBITDA dropped 18.8% to CHF966m mainly due to extraordinary provisions of around CHF186m. Consequently, net income was down by 49.5% to CHF274m, primarily due to the lower EBITDA. According to the Competition Commission, Swisscom abused the market-dominant position in the case of ADSL services. Another proceeding by the Competition Commission concerning CHF143m against Swisscom is still pending. Swisscom was alleged to have marketed
10 Nov 2015
In line with expectations
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In line with expectations
Swisscom AG (0QKI:LON) | 0 0 0.7% | Mkt Cap: 26,585m
- Published:
10 Nov 2015 -
Author:
Heinz Steffen - Pages:
In Q3 15, revenues declined marginally by 1.2% to CHF2.89bn. EBITDA dropped 18.8% to CHF966m mainly due to extraordinary provisions of around CHF186m. Consequently, net income was down by 49.5% to CHF274m, primarily due to the lower EBITDA. According to the Competition Commission, Swisscom abused the market-dominant position in the case of ADSL services. Another proceeding by the Competition Commission concerning CHF143m against Swisscom is still pending. Swisscom was alleged to have marketed