Swisscom (Neutral, TP: CHF600, +12%) Q3 23: Mixed numbers; revenue guidance cut, EBITDA guide unchanged
Swisscom has reported a slightly mixed set of Q3 results vs consensus, with SR trends worse and revenue guidance has been cut (the cut is mainly handset related though). EBITDA guidance is unchanged, and Swisscom is doing a better than expected job of taking cost out.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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