A solid result, Swiss business in decline, Fastweb continues to grow

Swisscom has generated a solid result in a challenging market environment. Revenue and EBITDA remained much the same as the previous year. Investment requirements remain high due to constantly increasing data volumes. At the same time, the market is characterised by promotions and falling prices. We launched new offers at the end of March and abolished roaming across 39 European countries. In just five weeks, our latest inOne mobile offer helped us acquire more than 250,000 customers. Our 5G network has been live since mid-April and we intend to cover the whole of Switzerland by the end of the year. From May, we will be joining forces with Oppo Reno to provide the first commercially available 5G smartphone. In addition, our subsidiary Fastweb also recorded further gains.