Swisscom warns curbs on antenna upgrade stalling 5G rollout; keeps 2020 outlook [Reuters]
SWISSCOM AG S/ADR (SCMWY)
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Source: Reuters
Swisscom warns curbs on antenna upgrade stalling 5G rollout; keeps 2020 outlook ZURICH, April 30 (Reuters) - State-controlled telecoms group Swisscom AG said on Thursday that the rollout of its new fifth-generation (5G) mobile technology was getting stalled due to the governments’ resistance to installing upgraded antennas. It maintained its 2020 guidance for revenue of around 11.1 billion Swiss francs ($11.39 billion), EBITDA of around 4.3 billion, capital expenditure of around 2.3 billion and a steady dividend of 22 francs per share, but cited “considerable uncertainty” about the outlook. The Swiss government this month kept current safety standards for mobile frequency emissions, which the sector said needed to be amended to foster rollout of 5G technology a year after a spectrum auction raised 380 million Swiss francs. "In order to exploit the potential of 5G to transmit data up to 1,000 times more efficiently and thus save energy, it is essential to renew existing antennas and bu
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