Swisscom drops on weak domestic performance

Swisscom AG

13/02/2025 08:30

** Shares in Swiss telecoms group Swisscom  SCMN.S  fall
3.5%, dragged by weak domestic performance
    ** "Q4 revenues were 0.6% behind consensus and Q4 EBITDA
miss of 5.5%," JP Morgan says on the company's Switzerland
division 
    ** "Swiss business continues to struggle from ongoing price
erosion and the lower number of broadband and fixed line
telephony connections," the brokerage adds
    ** Stock on track for its worst day since October 2024

 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))