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Swisscom highlights fierce competition, posts in-line results

Reuters  |  ZURICH 

ZURICH (Reuters) - Swisscom said it faced "fierce" competition with global internet companies while reporting 2018 net profit that matched expectations amid looming market consolidation in Switzerland.The internet, mobile phone and digital television provider reported net profit down 3 percent to 1.52 billion Swiss francs ($1.52 billion), matching estimates in an Infront Data poll.The company, which is 51 percent owned by the Swiss government, proposed paying an unchanged dividend of 22 francs per share, in line with its previous guidance. It also plans the same payout for 2019 if it reaches ...

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First Published: Thu, February 07 2019. 14:43 IST