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Financial results of Q2/2001 sunrise/TDC Switzerland AG
Zurich (ots) - TDC Switzerland can look back on a successful second quarter in 2001 and has significantly increased its customer base as well as total revenues. TDC Switzerland is performing better than planned in 2001 and as a consequence of this TDC Switzerland EBITDA Outlook for 2001 is improved to CHFm -41, compared with CHFm -82 previously. TDC Switzerland's controlled customer base at the end of 2Q 2001 comprised 745,000 mobile customers, 498,000 Internet access customers and 1.029m landline customers.
TDC Switzerland was created following the acquisition and subsequent merger of sunrise and diAx.
TDC Switzerland 2Q 2001, CHFm, Net revenues
Mobile services 187
Landline services 181
Internet services 29
Net revenues, total 397
(Note: Revenue and EBITDA is stated in US GAAP accounting standards and diAx is fully consolidated since February 1, 2001.)
2Q 2001 net revenues totaled CHFm 397 and EBITDA was CHFm -19.
During 2Q 2001, significant operational improvements for TDC Switzerland were achieved and a new image campaign was launched. Financial performance was better than planned and as a consequence of this TDC Switzerland EBITDA outlook for 2001 is improved to CHFm -41, compared with CHFm -82 previously.
A number of cost-improvement initiatives have been initiated including reducing the number of call centers and other locations as well as reducing other costs related to administration, marketing and network transmission. In addition, the number of employees measured as full-time employees has been reduced to approximately 2,000. The TDC Switzerland management has also prepared for improved marketing and initiatives to increase the average revenue per customer and net customer intake.
TDC Switzerland's controlled customer base at the end of 2Q 2001 comprised 745,000 mobile customers, up 28% since year end 2000, 498,000 Internet access customers, up 11%, and 1.029m landline customers, up 7.3%. The total mobile churn rate has successfully been reduced to below 3.0% per month.
Since TDC achieved operating control of TDC Switzerland, the management team has rapidly executed a transition and consolidation. The company will use the marketing brand "sunrise" and the new slogan "communication is life".
sunrise is the brand name of TDC Switzerland AG, the company resulting from the merger of the telecommunications companies diAx and sunrise. The shareholders' meeting of TDC Switzerland AG consists of: Tele Danmark 78.6%, diAx Holding 16.6%, SBB 2.6% and UBS 2.1%. sunrise offers its customers state-of-the-art telecommunications services in the areas of mobile phone, fixed network and Internet. The sunrise mobile phone network has the most modern GSM dual band infrastructure in Switzerland and already provides a mobile phone coverage of over 95%.
sunrise disposes of a high-quality, high-performance fiber optic
network with a total length of 5,900 kilometers - Swiss-wide.
Presently, sunrise has approximately 2,000 employees.
ots Originaltext: sunrise
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