ZURICH Aug 8 Swisscom lowered its
full-year sales guidance due to the strong Swiss franc against
the euro, but said it would keep its dividend unchanged at 22
Swiss francs ($22.74) per share if targets are met.
The Swiss telecommunications firm now expects full-year
sales of 11.3 billion francs, from 11.4 billion francs
previously, after lowering its exchange rate forecast to 1.20
francs from 1.23 per euro.
Other financial guidance, including EBITDA of 4.4 billion
francs and stable Fastweb revenue of 1.6 billion euros excluding
its low-margin hubbing business, remain unchanged. Fastweb is
forecast to close 2012 with slightly higher EBITDA and slightly
lower capital expenditure compared to 2011.
European telecoms groups are struggling with declining
revenue and profit as they face new competitive threats, such as
from Google which offers a free messaging service on
($1 = 0.9674 Swiss francs)
(Reporting By Katharina Bart)