Strong Cash GenerationSwisscom's operating cash flow is consistently robust and free cash flow rose 13.5% in 2025, providing recurring funding for dividends, debt service and capex. That persistent cash-generation profile supports sustained network investment, dividend policy and flexibility to absorb integration costs.
Balance-sheet Resilience & RatingsA meaningful net-debt reduction and strong investment-grade ratings reflect disciplined leverage for a capital-intensive telco. Moderate leverage preserves funding capacity for FTTH/5G rollout and Italian integration, limits refinancing risk, and supports the company's ability to maintain dividends and strategic capex.
Network Footprint & Monetization RunwayHigh and expanding FTTH and 5G coverage gives Swisscom a durable competitive moat: it underpins wholesale/fiber monetization, supports higher-quality service offerings, and improves customer retention. This infrastructure advantage sustains long-term revenue pools and reduces churn risk versus competitors.