Swisscom AG said tougher competition will keep its sales and profit under pressure in 2010 after it posted a rise in 2009 profits when lower depreciation charges helped to offset weaker domestic demand. Group revenues for the whole year reached CHF12 billion ($11.1bn), down 1.6 per cent from 2008, while EBITDA fell 2.6 per cent to reach CHF 4.666 billion.

The Swiss telco reported it had reached 230,000 subscribers for its IPTV service ‘Swisscom TV’ by the end of 2009, up 94.9 per cent from one year previously. Swisscom also saw its number of DSL broadband subscribers rise by 47,000 last year to reach 1.8 millon.

Other posts by :

1. Rocket Lab confirms D2C ambitions
2. Turkey establishes satellite production ecosystem
3. Italy joins Germany in IRIS2 alternate thoughts
4. Kazakhstan to create museum at Yuri Gagarin launch site
5. AST SpaceMobile gets $42 or $1500 price target
6. Analyst: GEO bloodbath taking place
7. SES AGM results: Appaloosa still objecting
8. SpaceX’s Shotwell worth $1.2bn
9. SpinLaunch’s revolutionary plan for 280 satellites

Categories: Articles, Business, IPTV, OTT, Results