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Capital expenditure

Swisscom remains committed to maintaining the high quality and availability of its network infrastructures. In Switzerland this involves making targeted investments in ultrafast broadband network expansion, migrating to an All-IP-based infrastructure, and modernising the mobile network to the latest mobile network standards. In Italy, Fastweb is also systematically expanding the network infrastructure.

See report pages 24—27
In CHF million, except where indicated   2017   2016   Change
Fixed access & infrastructure   486   511   –4.9%
Expansion of the fibre-optic network   469   476   –1.5%
Mobile network   269   231   16.5%
Customer driven   109   176   –38.1%
Projects and others 1   321   361   –11.1%
Swisscom Switzerland   1,654   1,755   –5.8%
Fastweb   692   633   9.3%
Other Operating Segments   58   49   18.4%
Group Headquarters and eliminations   (26)   (21)   23.8%
Total capital expenditure   2,378   2,416   –1.6%
Thereof Switzerland   1,678   1,774   –5.4%
Thereof foreign countries   700   642   9.0%
Total capital expenditure as % of net revenue   20.4   20.8  
1 Including All IP migration.

Capital expenditure decreased year-on-year by CHF 38 million or 1.6% to CHF 2,378 million, corresponding to 20.4% of net revenue (prior year: 20.8%). Swisscom Switzerland accounted for 70% of 2017 capital expenditure, while Fastweb accounted for 29% and Other Operating Segments for 1%.

Capital expenditure incurred by Swisscom Switzerland declined year-on-year by CHF 101 million or 5.8% to CHF 1,654 million, corresponding to 18.3% of net revenue (prior year: 19.0%). Capital expenditure for the expansion of the broadband networks with the latest technologies remained virtually unchanged at a high level, while customer-driven investment and investment in other infrastructure decreased.

Fastweb increased its capital expenditure year-on-year by CHF 59 million or 9.3% to CHF 692 million. In local currency, the rise amounted to EUR 41 million or 7.1% to EUR 622 million. Fastweb is continuing the expansion of the broadband networks in Italy as planned. The rise in capital expenditure is primarily the consequence of higher customer-driven investment. The ratio of capital expenditure to revenue was 32.0% (prior year: 32.4%).