swisscom ag-sponsored adr (SCMWY) Key Developments
Swisscom AG and Sixt Societas Europaea Launch Fleet Management JV in Switzerland
Apr 7 15
Swisscom AG and Sixt Societas Europaea announce the launch of their Swiss fleet management and optimisation joint venture Managed Mobility AG. Swisscom Managed Mobility and Sixt Leasing each hold 50% of the new entity. Managed Mobility has its headquarters in Urdorf near Zurich and launched operations on April 1. The company will initially offer its services to the Swisscom Group and Sixt Leasing customers in Switzerland.
Swisscom AG Unveils Wingo Brand
Apr 3 15
Swisscom AG has unveiled Wingo brand, a new high-speed fixed broadband service. Wingo will allow to specifically target digitally savvy, urban customers that Swisscom has so far been unable to reach effectively. The Wingo brand reduces the products on offer to the essentials. Communication with customers, ordering subscriptions and support will only be offered online. Wingo focuses on subscriptions tailored specifically to its target group. The fixed network offering will only be available in areas where customers have been supplied with Fibre-to-the-Home (FTTH), so as to minimise technical complexity. Since Wingo dispenses with the usual supplementary Swisscom services such as shops and the free hotline, it offers products at highly affordable prices.
Swisscom Wins Federal Govt Contract for Office Automation
Mar 9 15
Swisscom announced that the company has won a national government contract worth CHF 9 million to migrate workplace infrastructure to an automated system between 2015 and 2019. The contract covers hardware, software, network services, printing, deployment and field support. The contract was awarded by the Federal Office of Information Technology, Systems and Telecommunication (BIT).
Swisscom AG Reports Earnings Results for the Year Ended December 31, 2014; Reports Earnings Guidance for the Year 2015
Feb 6 15
Swisscom AG reported earnings results for the year ended December 31, 2014. The company reported net revenue increase by CHF 269 million in 2014 to CHF 11.703 billion. EBITDA rose by 2.6% to CHF 4.413 billion, and net income rose by 0.6% to CHF 1.706 billion. Growth was driven by demand for mobile data, with traffic up 96% compared to 2013. Operating income was CHF 2.32 billion, compared to CHF 2.26 billion for the year ended December 31, 2013. Income before income taxes was CHF 2.09 billion, compared to CHF 2.03 billion for the year ended December 31, 2013. Net income attributable to equity holders of the company was CHF 1.69 billion, or CHF 32.70 per share, compared to CHF 1.68 billion, or CHF 32.53 per share, for the year ended December 31, 2013.
For 2015, the company expects a drop in results due to exchange rate effects, with revenue forecast at over CHF 11.4 billion and EBITDA of approximately CHF 4.2 billion. The negative effects of the lower euro exchange rate amount to nearly CHF 400 million on revenue and around CHF 100 million on EBITDA. EBITDA will also be impacted by the costs of the All IP transformation, higher pension costs and lower gains on the sale of real estate, resulting in a reduction of more than CHF 100 million. At CHF 2.3 billion, capital expenditure in 2015 is expected to be CHF 100 million lower than in 2014, due to the lower euro exchange rate and a slight reduction in investment in Fastweb.
The Government of the Swiss Canton Zurich Awards Swisscom a Contract to operate LEUnet for Another 5 Years
Feb 3 15
The government of the Swiss canton Zurich has awarded Swisscom a contract to operate the data communication network LEUnet for another five years, from September. According to an evaluation by external as well as internal experts, Swisscom, which has run the network since 2010, offered the best value for money with a bid at CHF 38.39 million.