Group and capital structure
Swisscom Ltd, a company governed by Swiss law and headquartered in Ittigen (the canton of Bern, Switzerland), is the holding company which, with a share capital of CHF 52 million, is responsible for the strategic and financial management of the Swisscom Group.
Group structure
Interactive organisational chart of the Swisscom operational Group structure. The company is composed of the Board of Directors, CEO, business and group divisions and group companies.
Board of Directors
To the Boards of Directors
Internal Audit
Group of Divisions
Group Communications & Responsibility
Stefan Nünlist
Group Strategy & Board Services
Martin Vögeli
Group Security
Philippe Vuilleumier
Member of the
Group Executive Board
CEO Swisscom AG
Christoph Aeschlimann
Residential Customers
Dirk Wierzbitzki
Business Customers
Urs Lehner
Group Business Steering
Eugen Stermetz
Group Human Resources
Klementina Pejic
Further Business Divisions
Digital Business
Roger Wüthrich-Hasenböhler
Group Companies
Fastweb
Alberto Calcagno
Capital structure and changes
Swisscom Ltd has a share capital of CHF 51,801,943. The share capital is divided into registered shares with a nominal value of CHF 1 each. The shares are fully paid up.
| In CHF million | Share - capital |
Capital- reserves |
Retained- earnings |
Currency- translation adjustments |
Hedging- reserves |
Shareholders’ equity Swisscom |
Non controlling interests |
Total equity |
|---|---|---|---|---|---|---|---|---|
| Balance at 1 January 2020 | 52 | 136 | 10,454 | (1,781) | 11 | 8,872 | 3 | 8,875 |
| Net income |
- | - | 1,530 | - | - | 1,530 | (2) | 1,528 |
| Other comprehensive income | - | - | 252 | (10) | (3) | 239 | - | 239 |
| Comprehensive income | - | - | 1,782 | (10) | (3) | 1,769 | (2) | 1,767 |
| Dividends paid | - | - | (1,140) | - | - | (1,140) | (1) | (1,141) |
| Other changes | - | - | (11) | - | - | (11) | 1 | (10) |
| Balance at 31 December 2020 | 52 | 136 | 11,085 | (1,791) | 8 | 9,490 | 1 | 9,491 |
| Net income | - | - | 1,832 | - | - | 1,832 | 1 | 1,833 |
| Other comprehensive income | - | - | 709 | (73) | (6) | 630 | - | 630 |
| Comprehensive income | - | - | 2,541 | (73) | (6) | 2,462 | 1 | 2,463 |
| Dividends paid | - | - | (1,140) | - | - | (1,140) | (1) | (1,141) |
| Other changes | - | - | (1) | - | - | (1) | 1 | - |
| Balance at 31 December 2021 | 52 | 136 | 12,485 | (1,864) | 2 | 10,811 | 2 | 10,813 |
Group structure
Material changes 2021
Acquisitions and disposals of subsidiaries in 2021 are not individually material. Business combinations in 2021 include the full acquisition of Webtiser AG and JLS Digital as well as acquisition of a 90% stake in the Innovative Web Group. Following its acquisition, Webtiser AG was merged with Swisscom (Switzerland) Ltd..
Swisscom also sold all its shares in local.fr SA in 2021 and relinquished control of Custodigit AG. Additionally in 2021, Swisscom sold its shares in the equity-accounted investments Belgacom International Carrier Services SA, Medgate AG, SEC Consult (Schweiz) AG, SmartLife Care AG, SwissSign Group AG and tiko Energy Solutions AG.
05.01.2022 Swisscom acquires majority stake in Innovative Web Group
30.04.2021 Swisscom takes over JLS Digital
10.02.2021 Swisscom acquires e-commerce specialist Webtiser
09.02.2021 Swisscom sells its stake in BICS
Material changes to the group structure 2020
Acquisitions and disposals of subsidiaries in 2020 are not individually material. These include the full acquisition of Cutaway S.r.l., the 70% acquisition of 7Layers S.r.l. in Italy and the sale of Mila AG. Cutaway S.r.l. was merged with Fastweb S.p.A. following the acquisition.
02.10.2020 Mila’s CEO, Chris Viatte finds new investors to take the company independent
01.10.2020 Cyber security, Fastweb acquires 70% of the 7Layers company(opens in new tab)
03.03.2020 Fastweb acquires Cutaway to allow continued growth in the Cloud and ICT services market(opens in new tab)
Material changes to the group structure 2019
On 16 November 2018, Italian subsidiary Fastweb acquired the fixed wireless division and a 3.5 GHz frequency spectrum from Tiscali for EUR 185 million (CHF 208 million). The transaction, which qualified as a business combination in accordance with IFRS3, was provisionally recognised in the consolidated financial statement of 31 December 2018. No transaction costs were incurred. The deferred purchase price was paid off by a cash payment of EUR 80 million (CHF 90 million) in 2019 and the provision of services amounting to EUR 55 million (CHF 62 million). This did not have a material effect on Swisscom’s 2018 revenue and net income.
In December 2018, Swisscom exercised its call option to acquire the remaining 31% stake in Swisscom Directories Ltd for a purchase price of CHF 240 million. On 31 December 2018, the exercising of the call option gave rise to a CHF 14 million increase in the other financial liabilities previously recognised in Swisscom’s consolidated financial statements with no impact on profit and loss.
The remaining acquisitions and divestitures of subsidiaries in 2019 were not material individually. These included the acquisition of United Security Provider AG and Ajila AG, the divestiture of Datasport AG and the loss of control over tiko Energy Solutions AG.
18.12.2019 SIX and Sygnum Bank acquire stakes in daura
05.12.2019 Swisscom and Ajila digitise the conclusion of contracts
25.06.2019 Fastweb and Wind Tre announce strategic agreement on construction of a nationwide 5G network
09.05.2019 Swisscom acquires Swiss security specialist United Security Providers
14.03.2019 tiko steps up its international expansion with new partner
Material changes to the group structure 2018
In December 2018, Swisscom exercised its call option to acquire the remaining 31% stake in Swisscom Directories Ltd for a purchase price of CHF 240 million. At the end of July 2018, Italian subsidiary Fastweb signed an agreement to acquire the fixed-wireless division and a 3.5 GHz frequency spectrum from Tiscali in order to strengthen its mobile and convergence business over the long term. The value of the transaction was EUR 185 million (CHF 208 million) and was completed on 16 November 2018.
30.07.2018 Fastweb acquires 5G frequencies and fixed wireless division from Tiscali
19.12.2018 Swisscom became sole shareholder of Swisscom Directories Ltd
Material changes to the group structure 2017
Swisscom founded Swisscom Blockchain Ltd in 2017 to accelerate the development of blockchain applications. Swisscom holds a 70% majority stake while 30% is owned by the management. In 2017, Italian subsidiary Fastweb acquired Tiscali’s wholesale business for a purchase price of EUR 45 million (CHF 50 million). In November 2017, Swisscom acquired the remaining minority interests in Mila Inc., Sellbranch AB and CT Cinetrade Ltd, including subsidiaries Teleclub Ltd, Kitag Kino-Theater Ltd and PlazaVista Entertainment AG. In 2017, Swisscom also increased its stake in Swisscom Digital Technology SA from 51% to 75%. In September 2017, Swisscom divested its shares in AWIN AG for a purchase price of EUR 62 million (CHF 71 million).
21.09.2017 Swisscom intensifies blockchain activities and establishes a new subsidiary
10.02.2017 Tiscali e Fastweb announce the finalization of the industrial agreement signed on December 5th(opens in new tab)