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Annual Report 2019
Annual Report 2019
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Capital ex­pen­di­ture

In CHF million, except where indicated   2019   2018   Change
Fixed access and in­fra­struc­ture   459   496   –7.5%
Expansion of the fibre-optic network   494   490   0.8%
Mobile network   270   307   –12.1%
Mobile fre­quen­cies   196   –    
Customer driven   81   77   5.2%
Projects and others   261   250   4.4%
Swisscom Switzer­land   1,761   1,620   8.7%
Fastweb   667   757   –11.9%
Other Operating Segments   47   46   2.2%
Group Headquarters and elim­i­na­tions   (37)   (19)   94.7%
Total capital ex­pen­di­ture   2,438   2,404   1.4%
Thereof Switzer­land   1,770   1,645   7.6%
Thereof foreign countries   668   759   –12.0%
Total capital ex­pen­di­ture as % of net revenue   21.3   20.5  

Capital ex­pen­di­ture rose year-on-year by CHF 34 million or 1.4% to CHF 2,438 million, cor­re­spond­ing to 21.3% of net revenue (prior year: 20.5%). Swisscom Switzer­land accounted for 72% of 2019 capital ex­pen­di­ture, while Fastweb accounted for 27% and Other Operating Segments for 1%.

Capital ex­pen­di­ture incurred by Swisscom Switzer­land increased year-on-year by CHF 141 million or 8.7% to CHF 1,761 million, cor­re­spond­ing to 20.6% of net revenue (prior year: 18.4%) and included ex­pen­di­ture of CHF 196 million in connection with the mobile radio fre­quen­cies acquired auction in the first half of 2019. Capital ex­pen­di­ture on broad­band expansion with fibre optics remained stable at a high level, while capital ex­pen­di­ture on mobile com­mu­ni­ca­tions and other fixed network and in­fra­struc­ture declined.

Fastweb decreased its capital ex­pen­di­ture by CHF 90 million or 11.9% to CHF 667 million. In local currency, capital ex­pen­di­ture decreased by EUR 58 million or 8.8% to EUR 599 million. The decrease is mainly due to the expenses for the acquisition and extension of mobile radio fre­quen­cies in the amount of EUR 64 million in the previous year. The investment volume remains at a high level overall, driven by the further expansion of the broad­band networks. The ratio of capital ex­pen­di­ture to net revenue fell as a result to 27.0% (prior year: 31.2%).