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Swisscom AG (Swisscom) reported healthy revenue growth in 9M 08. EBITDA and operating income increased on y-o-y basis. However, adjusted2 net income declined due to higher finance expenses. Going forward, we continue to expect Fastweb to support top-line growth. In addition, we believe Swisscom will benefit from its broadband services and corporate business segments, coupled with demand for Swisscom’s IT solution. Moreover, we expect Swisscom…

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Swisscom AG’s (Swisscom) reported its 1H 08 results today. 1H 08 revenues, EBITDA and operating income and adjusted1 net income were above our estimates due to lower than anticipated personnel expenses. Going forward, we believe Swisscom will continue to lead the domestic market with the blend of its core activities, voice, Internet and multimedia. In addition, we expect healthy performance from Fastweb going forward. Furthermore…

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Swisscom reported 23.4% y-o-y growth in revenues to CHF2,933 mn in 1Q 08, above our estimate of CHF2,624 mn. Revenues from the Residential Customers segment decreased 0.4% y-o-y to CHF1,262 mn in 1Q 08. Revenues from the Small & Medium sized enterprises segment declined 2.1% y-o-y to CHF279 mn in 1Q 08....