Swisscom’s Italian division added over 100,000 mobile subscribers in the third quarter, helping the operator to deliver growing revenues and profits.

Fastweb saw its mobile subscriber base soar by 109,000 to 989,000 in the three months to 30 September.

The company, which also added 10,000 broadband customers, continued to be Swisscom’s best performing business unit with sales jumping 16.8 percent year-on-year to CHF556 million as a result.

In contrast, Swisscom saw revenues at home drop 1.9 percent to CHF2.25 billion as growth at its enterprise and wholesale divisions could not offset a decline in the services it sells to retail customers.

Business revenues ticked up 0.8 percent to CHF613 million while wholesale revenues rose 3.7 percent to CHF277 million.

However, sales to residential customers fell 4.1 percent to CHF1.5 billion as the company lost 80,000 fixed and 8,000 mobile subscribers.

Allied to price cuts amid “fierce” competition, this offset the addition of 11,000 broadband and 6,000 TV connections.

The operator now has two million broadband customers, 1.45 million TV subscribers and 6.6 million mobile connections in Switzerland.

Group revenues ticked up 1.4 percent to CHF2.9 billion, while was mirrored by EBITDA growth of 1.4 percent to CHF1.1 billion.

Net income was up 5.1 percent to CHF430 million.

CEO Urs Schaeppi said: “Swisscom has proven that it can adapt to a changing environment and we have recorded a solid result.

“The results may not look spectacular at first glance, but if you take a closer look at the figures, you will be able to see the radical changes made within our company.

“The Swiss telecoms market is saturated and prices are under pressure.

“I am therefore extremely pleased that we have enjoyed success on the market in spite of all these factors."

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