|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%|
|Projects and others 1||250||347||–28.0%|
|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 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%).