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TelecomsConservativeLarge CapTurnaround

Swisscom rises on Q2 lease-adjusted EBITDAaL beat

BUZZ-Swisscom rises on Q2 lease-adjusted EBITDAaL beat

** Shares in Swisscom SCMN.S rise 3.7% after the telecoms group's Q2 EBITDAaL beat

** The group's EBITDAaL comes in at 1.27 billion Swiss francs ($1.57 billion), 4% ahead of estimates, Vontobel says

** The beat is fuelled by pulled-forward cost savings in Switzerland and solid synergy realization in Italy, the brokerage adds

** Its German peer Deutsche Telekom DTEGn.DE also jumps 5.8% after posting Q2 results, expanding its buyback programme

($1 = 0.8079 Swiss francs)


(Reporting by Anastasiia Kozlova)

((Anastasiia.Kozlova@thomsonreuters.com))

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