Boosted by 14% growth at Italian broadband unit Fastweb, Swisscom said that group revenues rose 1% year-on-year on a like-for-like basis in the first quarter of 2009 to 2.92 billion Swiss francs (2.58 billion US dollars). Capital spending fell 16% to 351 million francs.
Swisscom maintained its forecast that, excluding Fastweb, revenue for 2009 will fall by up to 300 million Swiss francs to between 9.2 billion and 9.3 billion francs. It estimated that Fastweb's revenues will rise to 1.8 billion euros from 1.7 billion euros last year. source: Swisscom statement