Salt (Equal Weight) Q2 24: Slower growth, but still outperforming Swisscom and Sunrise
Salt has reported a good set of results, but SR and EBITDAaL growth is slower sequentially. Given the pace of KPI growth, Salt is having to expand some of its customer care and support functions. We think that operational leverage will resume once this process is over, as Salt did not call out a new higher level of commercial spend on the call.
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- Pan European Telecom Services and Cable
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