Stable Revenue Guidance: Swisscom confirmed its full-year revenue guidance for 2025, projecting revenues between CHF 15.0 billion to CHF 15.2 billion, slightly reduced from the previous expectations primarily due to a decline in hardware/software revenues in B2B IT. Revenue for Q2 showed a decline of 2.3% year-over-year, largely due to losses in Italy and hardware sales.

B2C and B2B Performance: In Switzerland, the B2C segment experienced a slight revenue decline of CHF 18 million due to service revenue erosion, though customer acquisition costs were managed effectively to stabilize EBITDAaL. The B2B segment faced a larger drop in revenue by CHF 68 million, attributed mainly to reduced hardware/software sales, illustrating the company¡¯s shift to focus on more profitable, high-margin business models.

Integration and Synergies in Italy: The integration of Vodafone and Fastweb is progressing as planned, with actual synergies of EUR 14 million realized in the first half of 2025. Significant synergies from the migration of Fastweb mobile customers onto the Vodafone network are anticipated to contribute positively in H2 2025, with expectations of saving roughly EUR 200 million in mobile COGS for 2026.