Swisscom

Swisscom AG
Company typePublicly-traded, majority-state-owned Aktiengesellschaft regulated by public law
PredecessorTelecom PTT
FoundedOctober 1, 1997; 27 years ago (1997-10-01)
HeadquartersWorblaufen, Ittigen (canton of Bern),
Switzerland
Key people
  • Christoph Aeschlimann (CEO)
  • Michael Rechsteiner (chairman)
RevenueIncrease CHF 11.07 billion (2023)[1]
Increase CHF 2.205 billion (2023)[1]
Increase CHF 1.711 billion (2023)[1]
Total assetsIncrease CHF 24.75 billion (2023)[2]
Total equityIncrease CHF 11.62 billion (2023)[2]
OwnerSwiss Government (51%)
Number of employees
19,729 (2023)[1]
SubsidiariesFASTWEB (100%)
ASN
Traffic Levels1Tbps+[3]
Websiteswisscom.ch/en/about.html

Swisscom AG is a major telecommunications provider in Switzerland.[4] Its headquarters are located in Worblaufen near Bern.[5] The Swiss government owns 51% of Swisscom.[6] According to its own published data, Swisscom holds a market share of 56% for mobile, 50% for broadband and 37% for TV telecommunication in Switzerland.[7] Its Italian subsidiary, FASTWEB, is attributed 16% of private clients and 29% of the corporate clients share of Italian broadband and is also active in the mobile market.[8]

The Swiss telegraph network was first set up in 1852, followed by telephones in 1877. The two networks were combined with the postal service in 1920 to form Postal Telegraph and Telephone (PTT). The Swiss telecommunications market was deregulated in 1997. Telecom PTT was spun off and rebranded Swisscom ahead of a partial privatisation in 1997. The present-day Swisscom owns the protected brand NATEL, which is used only in Switzerland.[9]

In 2001, 25% of Swisscom Mobile was sold to Vodafone. In 2007, Swisscom acquired a majority stake in Italy's second-biggest telecom company FASTWEB.

  1. ^ a b c d "Annual Report 2023". Swisscom. Retrieved 24 March 2024.
  2. ^ a b "Annual Report 2023 - Balance Sheet". Swisscom. Retrieved 24 March 2024.
  3. ^ "PeeringDB".
  4. ^ "The Swiss telecommunications market". International Telecommunication Union. Archived from the original on 5 December 2020. Retrieved 30 August 2015.
  5. ^ "Company profile: products, employees, key figures". swisscom.ch. Retrieved 19 January 2023.
  6. ^ "Swiss Confederation's share in Swisscom". Swisscom. Retrieved 24 March 2015.
  7. ^ "Company profile".
  8. ^ "Annual Report 2017".
  9. ^ "A million customers already enjoy Swisscom TV" (PDF). swisscom.ch. Swisscom. Retrieved 25 January 2017.