SwissCom reports Q2 results
- BySeeking Alpha-
ZURICH (Reuters) - State-controlled telecoms group Swisscom AG (OTC:SCMWY) said on Thursday that the rollout of its new fifth-generation (5G) mobile technology was getting stalled...
SwissCom AG ADR (OTCPK:SCMWY): 1H net income of CHF839MRevenue of CHF5.69B (-1.4% Y/Y)Press ReleaseNow read: SwissCom: A European Alternative For Value InvestorsOriginal article
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Swisscom AG provides telecommunication services primarily in Switzerland, Italy, and internationally. The company operates through three segments: Swisscom Switzerland, Fastweb, and Other Operating. It offers mobile and fixed-network services, such as telephony, broadband, TV, and mobile communications, as well as sells terminal equipment; and telecom and communications solutions for large corporations and small and medium-sized enterprises. The company also provides cloud, outsourcing, workplace, mobile phone, networking, business process optimization, SAP, and security and authentication solutions, as well as a range of services to the banking industry; Internet of Things solutions; digitization services to the healthcare sector; IT systems for health insurance companies; fixed-line and mobile networks by other telecommunication service providers; and roaming to foreign operators whose customers use its mobile networks, as well as broadband services and regulated products. In addition, it plans, operates, and maintains network infrastructure and IT systems; provides support functions to finance, human resource, and strategy, as well as management of real estate and vehicle fleet; and offers broadband and mobile services, such as telephony and broadband services, as well as ICT solutions for residential, business, and wholesale customers. Further, the company provides IT and network services; online and telephone directories; and cross-platform retail media and security communication services, as well as builds and maintains wired and wireless networks. Swisscom AG was founded in 1852 and is headquartered in Bern, Switzerland.