Capital expenditure
In CHF million, except where indicated | 2018 | 2017 | Change | |||
---|---|---|---|---|---|---|
Fixed access and infrastructure | 496 | 486 | 2.1% | |||
Expansion of the fibre-optic network | 490 | 469 | 4.5% | |||
Mobile network | 307 | 271 | 13.3% | |||
Customer driven | 77 | 81 | –4.9% | |||
Projects and others 1 | 250 | 347 | –28.0% | |||
Swisscom Switzerland | 1,620 | 1,654 | –2.1% | |||
Fastweb | 757 | 692 | 9.4% | |||
Other Operating Segments | 46 | 58 | –20.7% | |||
Group Headquarters and eliminations | (19) | (26) | –26.9% | |||
Total capital expenditure | 2,404 | 2,378 | 1.1% | |||
Thereof Switzerland | 1,645 | 1,678 | –2.0% | |||
Thereof foreign countries | 759 | 700 | 8.4% | |||
Total capital expenditure as % of net revenue | 20.5 | 20.4 | ||||
1 Including All IP migration.
|
Capital expenditure rose year-on-year by CHF 26 million or 1.1% to CHF 2,404 million, corresponding to 20.5% of net revenue (prior year: 20.4%). Swisscom Switzerland accounted for 67% of 2018 capital expenditure, while Fastweb accounted for 32% and Other Operating Segments for 1%.
Capital expenditure incurred by Swisscom Switzerland declined year-on-year by CHF 34 million or 2.1% to CHF 1,620 million, corresponding to 18.4% of net revenue (prior year: 18.3%). Capital expenditure for the expansion of the broadband networks with the latest technologies remained at a high level, while other investments decreased.
Fastweb increased its capital expenditure by CHF 65 million or 9.4% to CHF 757 million. In local currency, it remained at the same high level as the previous year, totalling EUR 657 million. The increase of EUR 35 million or 5.6% in capital expenditure resulted from the acquisition and extension of mobile radio frequencies in the amount of EUR 64 million. Fastweb is continuing the expansion of the ultra-fast broadband networks in Italy as planned. The ratio of capital expenditure to revenue was 31.2% (prior year: 32.0%).