New Street Swisscom Q4 19: Good Quarter, slightly weak guidance
Swisscom has reported a good set of Q4 results, with EBITDA c2% ahead of consensus. The beat is driven by Fastweb (possibly supported by strong wholesale, and so may not sustainable) and the Swiss core business (if one adds back the large restructuring charge).Swisscom is engaged in providing telecommunication services and is active in Switzerland and Italy. Co. has three operating divisions: Swisscom Switzerland, Fastweb; and Other Operating Segments. Co.'s Swisscom Switzerland divisions comprised of: Residential Customers; Small and Medium-Sized Enterprises; Enterprise Customers; Wholesale; and IT, Network & Innovation. Co.'s Fastweb segment supplies its fixed-network both directly via its own fiber-optic network and also via the unbundled fixed-access lines and wholesale products. Co.'s other operating segments provides ICT solutions for physicians, hospitals and insurers, develops and operates intelligent solutions for energy management.
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