- Swisscom CEO Urs Schaeppi is leaving the company on June 1, 2022.
- The Board of Directors has elected Chief Technology Officer Christoph Aeschlimann as his successor.
Swisscom turned over more last year and earned more thanks to special factors. Overall, sales rose by 0.7 percent to CHF 11.18 billion. Operating profit before depreciation and amortization EBITDA improved by 2.2 percent to 4.48 billion Swiss francs.
The bottom line is that Swisscom made a net profit of CHF 1.83 billion. That is 20 percent more than a year ago.
Fiberglass is becoming more expensive
In addition, Swisscom is now cutting back its plans for the expansion of the fiber optic network after the Weko order. The fiber optic expansion would be significantly more expensive, writes the telecom group in a statement.
So far, as is well known, the “Blue Giant” wanted to increase the number of fiber optic connections from a third of households and businesses by 1.5 million to around 60 percent by 2025. Now there are 500,000 fewer households. This would only cover 50 percent of the population.