Company Profile For Swisscom AG

Swisscom AG (SCMN.VX) (Virt-X Level 1)

sector: Telecommunications Services · industry: Integrated Telecommunications Services ·

As of 4:57pm IST

391.40CHF

Price Change

-0.90

Percent Change

-0.23%

Analyst Recommendations

Overview

Swisscom AG (Swisscom), along with its subsidiaries, offers telecommunication services primarily in Switzerland and Italy. The Company’ main segments are Residential Customers, Small and Medium-Sized Enterprises, Corporate Business, Wholesale and Networks, which belong to Swisscom Switzerland, and Fastweb, Other operating segments and Group Headquarters. During the year ended December 31, 2008, Swisscom acquired a 100% share in local.ch AG from the PubliDirect. Swisscom also acquired the remaining shares in coComment B.V. in 2008. On September 1, 2008, Swisscom sold all its shares in Minick Holding AG to the German Net Mobile AG. In 2008, Swisscom Central & Eastern Europe sold all its shares in Air Bites Polska sp. z.o.o. In November 2009, Swisscom AG acquired WECO Inkasso AG, a subsidiary of Credit Suisse.

Quick Financial Synopsis

BRIEF: For the nine months ended 30 September 2009, Swisscom AG's net revenue decreased 2% to SF8.9B. Net income for the period increased 16% to SF1.5M. Net revenue reflects a decrease in demand for the Company's products and services in the Corporate business and the Wholesale business divisions. Net income for the period benefited from lower other operating expenses as well as improved financial result.