Capital expenditure
| In CHF million, except where indicated | 2021 | 2020 | Change | |||
|---|---|---|---|---|---|---|
| Fixed access and infrastructure | 428 | 438 | –2.3% | |||
| Expansion of the fibre-optic network | 555 | 519 | 6.9% | |||
| Mobile network | 323 | 306 | 5.6% | |||
| Customer driven | 64 | 76 | –15.8% | |||
| Projects and others | 272 | 260 | 4.6% | |||
| Swisscom Switzerland | 1,642 | 1,599 | 2.7% | |||
| Fastweb | 649 | 629 | 3.2% | |||
| Other Operating Segments | 41 | 44 | –6.8% | |||
| Elimination | (46) | (43) | 7.0% | |||
| Total capital expenditure | 2,286 | 2,229 | 2.6% | |||
| Thereof Switzerland | 1,634 | 1,596 | 2.4% | |||
| Thereof other countries | 652 | 633 | 3.0% | |||
| Capital expenditure as % of net revenue | 20.4 | 20.1 |
Capital expenditure climbed by CHF 57 million or 2.6% year-on-year to CHF 2,286 million, corresponding to 20.4% of net revenue (prior year: 20.1%). Swisscom Switzerland accounted for 72% of capital expenditure in 2021, and Fastweb for the remaining 28%.
Capital expenditure incurred by Swisscom Switzerland increased by CHF 43 million or 2.7% year-on-year to CHF 1,642 million, corresponding to 19.9% of net revenue (prior year: 19.4%). Swisscom invested CHF 53 million more than in the previous year in the expansion of fibre-optic broadband in the fixed network and in the expansion of the mobile network.
Fastweb increased its capital expenditure by CHF 20 million or 3.2% to CHF 649 million. Measured in local currency, capital expenditure increased by EUR 14 million or 2.4% to EUR 601 million as a result of higher customer-driven investments and higher investments in the mobile network infrastructure. The ratio of capital expenditure to net revenue consequently fell to 25.1% (prior year: 25.5%).