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Capital ex­pen­di­ture

In CHF million, except where indicated   2020   2019   Change
Fixed access and in­fra­struc­ture   439   456   –3.7%
Expansion of the fibre-optic network   519   494   5.1%
Mobile network   306   272   12.5%
Mobile fre­quen­cies     196    
Customer driven   76   81   –6.2%
Projects and others   259   262   –1.1%
Swisscom Switzer­land   1,599   1,761   –9.2%
Fastweb   629   667   –5.7%
Other Operating Segments   44   47   –6.4%
Group Headquarters and elim­i­na­tions   (43)   (37)   16.2%
Total capital ex­pen­di­ture   2,229   2,438   –8.6%
Thereof Switzer­land   1,596   1,770   –9.8%
Thereof foreign countries   633   668   –5.2%
             
Capital ex­pen­di­ture as % of net revenue   20.1   21.3  

Capital ex­pen­di­ture fell by CHF 209 million or 8.6% year-on-year to CHF 2,229 million, cor­re­spond­ing to 20.1% of net revenue (prior year: 21.3%). The figure for the previous year includes ex­pen­di­ture of CHF 196 million for mobile radio fre­quen­cies in Switzer­land. Adjusted for this ex­pen­di­ture, capital ex­pen­di­ture was almost unchanged compared with the previous year. Switzer­land accounted for CHF 1,596 million or 72% of the in­vest­ments. Compared with the previous year, they increased by CHF 22 million or 1.4%, excluding mobile radio fre­quen­cies.

Capital ex­pen­di­ture incurred by Swisscom Switzer­land increased by CHF 162 million or 9.2% year-on-year to CHF 1,599 million, cor­re­spond­ing to 19.3% of net revenue (prior year: 20.5%). The figure for the previous year includes ex­pen­di­ture of CHF 196 million for mobile radio fre­quen­cies. Capital ex­pen­di­ture on mobile network expansion and the expansion of fibre-optic broad­band in the fixed network increased.

Fastweb reduced its capital ex­pen­di­ture by CHF 38 million or 5.7% to CHF 629 million. In local currency, capital ex­pen­di­ture decreased by EUR 12 million or 2.0% to EUR 587 million. The volume of capital ex­pen­di­ture remained at a high level overall, driven by the further expansion of the ultra-fast broad­band networks. The ratio of capital ex­pen­di­ture to net revenue fell as a result to 25.5% (prior year: 27.0%).