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Structure


Corporate and capital structure

Swisscom Ltd, a company governed by Swiss law with its headquarters in Ittigen (Canton of Berne, Switzerland), is the holding company with responsibility for overall management as well as strategic and financial management of the Swisscom Group, with share capital of around CHF 52 million.




Organisational chart of corporate structure

The Swisscom company is composed of the Board of Directors, CEO, business and group divisions and group companies.







Capital structure and changes

The share capital of Swisscom Ltd is CHF 51,801,943. The share capital is divided into registered shares with a nominal value of CHF 1 per share. The shares are fully paid-up.



In CHF million Share capital Capital reserves Retained earnings Currency translation adjustments Hedging reserves Shareholders’ equity Non-controlling interests Total equity
Balance at
1 January 2018
52 136 9,455 (1,689) (2) 7,952 11 7,941
Net income                     -                      - 1,527                                                 -                           - 1,527 (6) 1,521
Other comprehensive income                     -                      - (53) (39) 6 (86)                      - (86)
Comprehensive income                     -                      - 1,474 (39) 6 1,441 (6) 1,435
Dividends paid                     -                      - (1,140)                                                 -                           - (1,140) (1) (1,141)
Other changes                     -                      - (30)                                                 -                           - (30) 3 (27)
Balance at
31 December 2018
52 136 9,759 (1,728) 4 8,223 (15) 8,208
Change in accounting policies                     -                      - 22                                                 -                           - 22                      - 22
Balance at
1 January 2019
52 136 9,781 (1,728) 4 8,245 (15) 8,230
Net income                     -                      - 1,672                                                 -                           - 1,672 (3) 1,669
Other comprehensive income                     -                      - 148 (53) 7 102                      - 102
Comprehensive income                     -                      - 1,820 (53) 7 1,774 (3) 1,771
Dividends paid                     -                      - (1,140)                                                 -                           - (1,140) (1) (1,141)
Other changes                     -                      - (7)                                                 -                           - (7) 22 15
Balance at
31 December 2019
52 136 10,454 (1,781) 11 8,872 3 8,875


Group structure

Key changes 2019

On 16 November 2018, the Italian subsidiary Fastweb acquired the fixed wireless division and a 3.5 GHz frequency spectrum from Tiscali worth EUR 185 million (CHF 208 million). The transaction, which qualifies as a business combination under IFRS 3, was provisionally recognised in the consolidated financial statements as at 31 December 2018. No transaction costs were incurred in the process. The deferred residual acquisition price was settled through a cash payment of EUR 80 million (CHF 90 million) in 2019 and the provision of services for an amount of EUR 55 million (CHF 62 million). The impact on Swisscom's net revenue and net income in 2018 is not material.

In December 2018, Swisscom exercised its call option to acquire the outstanding 31% share in Swisscom Directories Ltd for a purchase price of CHF 240 million. As a result of exercising the call option, the other financial liabilities previously recorded by Swisscom in the consolidated financial statements as of 31 December 2018 were increased by CHF 14 million with no effect on income.

The other acquisitions and disposals of subsidiaries in 2019 are not individually material. They include the acquisitions of United Security Provider AG and Ajila AG as well as the disposal of Datasport Ltd, plus the loss of control in tiko Energy Solutions Ltd.

Extract of the brand portfolio 




Additional information

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