{"id":839457,"date":"2024-07-31T17:48:52","date_gmt":"2024-07-31T12:18:52","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=839457"},"modified":"2024-08-01T08:17:29","modified_gmt":"2024-08-01T02:47:29","slug":"swisscom-posts-lower-half-year-core-profit-confirms-outlook","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/31\/swisscom-posts-lower-half-year-core-profit-confirms-outlook\/","title":{"rendered":"Swisscom posts lower half-year core profit, confirms outlook"},"content":{"rendered":"<p>Telecoms group Swisscom reported a slightly lower core profit for the first half of 2024 on Wednesday, as growing competition and pricing pressures continued to weigh on its core telecommunications services business. <\/p>\n<p>Its half-year earnings before interest, tax, depreciation and amortisation (EBITDA) fell 1.1% in constant exchange rates to 2.28 billion Swiss francs ($2.59 billion), from 2.30 billion francs the same period last year. <\/p>\n<p>Switzerland&#8217;s leading telecoms provider said its acquisition of Vodafone Italia was on schedule, with completion expected in the first quarter of 2025. <\/p>\n<p>Swisscom agreed in March to buy Vodafone&#8217;s Italian business for 8 billion euros and merge it with its Italian unit Fastweb, in the latest round of consolidation in Europe&#8217;s most competitive telecoms markets. <\/p>\n<p>The deal will create Italy&#8217;s second-biggest fixed-line broadband operator behind TIM, with a strong presence in the prized business segment, and a leading player in mobile. <\/p>\n<p>The company also confirmed its outlook for 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Telecoms group Swisscom reported a slightly lower core profit for the first half of 2024 on Wednesday, as growing competition and pricing pressures continued to weigh on its core telecommunications services business. Its half-year earnings before interest, tax, depreciation and amortisation (EBITDA) fell 1.1% in constant exchange rates to 2.28 billion Swiss francs ($2.59 billion), from 2.30 billion francs the same period last year. Switzerland&#8217;s leading telecoms provider said its acquisition of Vodafone Italia was on schedule, with completion expected in the first quarter of 2025. Swisscom agreed in March to buy Vodafone&#8217;s Italian business for 8 billion euros and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-839457","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/839457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=839457"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/839457\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=839457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=839457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=839457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}