Swisscom Reveals Capex, Revenues and FTTH Opex in Q3

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The telecom operator Swisscom has unveiled its Capex, its turnover and its Opex in Switzerland for the third quarter of 2022.

Swisscom’s investments (Capex) reached 1.60 billion francs (–0.2%) in the third quarter of 2022.

Swisscom’s wireless capital expenditure amounted to CHF 204 million (–17%) due to a backlog of pending building permits.

Swisscom’s fiber capital expenditure amounted to CHF 337 million (–9%), due to the completion of FTTS and the COMCO fiber survey on FTTH topology.

Swisscom’s capital expenditure on backbone and transport infrastructure amounted to CHF 357 million (+30%), due to a focus on reducing complexity, increasing stability of the network and the possibility of realizing future savings.

Swisscom’s capital expenditure on IT, CP and other equipment amounted to CHF 263 million (+13%), driven by advanced digitalization, customer experience and improved efficiency .

Swisscom’s capital expenditure in the Swiss core business increased by 3.2% or CHF 36 million to CHF 1.161 billion. Capital expenditure on broadband and mobile communications networks declined, while capital expenditure on other infrastructure increased.

Fastweb’s capital expenditures increased by 2.3% or €10 million to €449 million, driven by higher customer-focused capital expenditures.

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.

At the end of September 2022, 90% of all Swiss homes and offices were connected to superfast broadband above 80 Mbps. 78% of all homes and offices enjoyed fast connections over 200 Mbps.

Swisscom cannot market almost 400,000 fibre-to-the-home (FTTH) connections built in point-to-multipoint (P2MP) architecture due to the procedure of the Competition Commission. Swisscom has decided to use point-to-point (P2P) architecture for the majority of new connections and to convert some existing P2MP connections to P2P to allow Internet users to use FTTH connections in Switzerland.

Swisscom said there was no change in the annual budget for fiber optic investments of 500 to 600 million francs. As expansion slows, Swisscom will be able to connect 50-55% of connections to FTTH by 2025. Swisscom aims to invest in FTTH expansion after 2025 and will increase FTTH coverage to 70-80% by 2030.

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