Salt - 2020 Q3 financial results
November 26, 2020
- Best quarter in six years in mobile with +21,800 postpaid net adds and strong momentum in Fiber
- Underlying operating revenue growth offset by decrease in roaming revenue due to COVID-19; Operating Revenue (excl. Incoming) down 2.0%; EBITDA up 0.4%.(1)
- Strong Free Cash Flow of CHF 54.4m generated One of Europe’s fastest 5G networks, reaching 4,5 Gbps downlink speed, now open for all customers
- Salt committed to ambition of increasing FITH footprint with financial investors
- Exclusive partnership with Sony Interactive Entertainment to offer PlayStation 5 package
Play has no limits at Salt
PlayStation 5 for free for Salt Mobile customers
Nov. 19, 2020
In partnership with Sony Interactive Entertainment, Salt is launching an exclusive PlayStation Gaming package. New customers are provided with the brand new PlayStation 5 and a two-year PlayStation Plus subscription.
As of Today, November 19, Salt Mobile and Salt Home customers can benefit from an exclusive gaming package. The package is composed of the new PS5 (version including disk drive) and a 24- month PlayStation Plus subscription for a total value of CHF 639.-
US 1782 filing – application granted
Sept. 1st, 2020
Salt Mobile SA announces, further to the filing of 1782 proceedings in the US last week, that its application and petition for an order to conduct discovery for use in foreign proceedings has been granted.
Salt is authorized to, and will immediately, serve subpoenas on Liberty Global Inc., Liberty Media Corporation, John C. Malone, and Michael Fries. Furthermore, Salt is authorized to use any evidence obtained in any additional proceedings arising from the same matters.
The 1782 proceedings were initiated to aid contemplated Swiss proceedings in which Salt will allege that the proposed transaction by which Liberty or its designated affiliate would acquire Sunrise Communications AG infringes on contractual rights established as part of its Swiss Open Fibre joint venture with Sunrise. Unanimous Sunrise Board approval for the deal and the irrevocable tender by Freenet of its 24.4% stake in Sunrise have already destroyed significant value for Salt and its shareholders.
We are pleased that the court ruled on our application swiftly, given the important and urgent nature of this case. We look forward to the receipt of information that will shed further light on Sunrise’s unlawful actions in recent months.
Salt – 2020 Q2 Financial Results
Aug. 28, 2020
Continued momentum of customer base in mobile and fixed – underlying operating revenue growth offset by COVID-19 effect on roaming – growth platform further strengthened
- Continued positive trend in mobile with +7,600 postpaid net adds; Salt Home hit the 100,000 customers milestone
- Underlying operating revenue growth offset by decrease in roaming revenue due to COVID-19 pandemic; Operating Revenue (excl. Incoming) down 4.5%; EBITDA down 3.8%
- Strong free cash flow of CHF 85.0m generated
- Salt fixed hotline for the 3rd year in a row winner of the “connect” test • New partnership with WWF Switzerland and launch of joint mobile offer “WWF Swiss”
Potential legal proceedings against Sunrise Communications and US section 1782 proceedings
Aug. 27, 2020
Salt Mobile SA announces that it is contemplating legal proceedings against Sunrise Communications Group AG.
Salt is concerned that the proposed transaction by which Liberty or its designated affiliate would acquire Sunrise infringes on contractual rights established as part of its Swiss Open Fibre joint venture with Sunrise. Unanimous Sunrise Board approval for the deal and the irrevocable tender by Freenet of its 24.4% stake in Sunrise have already destroyed significant value for Salt and its shareholders. In this context, Quinn Emanuel Urquhart & Sullivan, LLP is representing Salt and has filed section 1782 proceedings in the US to obtain information from Liberty relevant to the transaction.
Salt Home “connect” Hotline Test Winner for Third Year in a Row
Aug. 5, 2020
Salt Home: 10 Gbit/s, 250+ TV Channels, Unlimited Calls – for CHF 39.95 for Salt Mobile Subscribers
This year again, Salt Home was rated number one in the “connect” hotline test for broadband providers. Salt has not only reached the top in the overall result, but has achieved the best result in every category.
Salt and WWF to launch a joint mobile offer
July 14, 2020
Salt’s contribution to WWF will total over CHF 1’000.- for a typical customer
Doing good for the planet and the wallet – this is possible thanks to “WWF Swiss”, the joint mobile offer by Salt and WWF. For every subscriber, Salt supports WWF Switzerland with a contribution of CHF 10.- per month. The cooperation with a company in the telecommunication industry is a premiere for WWF in Switzerland allowing consumers to support the organisation’s environmental activities all while saving money.
Salt Home brings the best offer at the best price for more than 100’000 Swiss households
June 29, 2020
Only two years after its launch, Salt Home, Salt’s fixed-line triple play offer, reached the 100’000 customer mark. In 203 municipalities, in total, Swiss consumers can enjoy 10 Gbit/s speed, a dedicated fibre optics link and the latest Wi-Fi technology. All this from CHF 39.95 per month – not as a promo, but permanently. Time to join!
Salt – 2020 Q1 Financial Results
May 28, 2020
Strong momentum in core brand – continued positive trend in service revenue – ongoing transformation in B2B – reinforced second brand portfolio – best value proposition supported by continued investments and improvements in service and network quality
Salt and Sunrise to enter a strategic partnership
May 19, 2020
Today, Sunrise and Salt announced their plans to enter a strategic partnership to create a leading fiber to the home (“FTTH”) platform for ultrafast broadband connectivity services on an open access basis across Switzerland. The roll-out will be realized through Swiss Open Fiber, a Joint Venture which will be established and co-owned by Salt and Sunrise with equal shareholding and a prospective equity partner. With this Swiss initiative, Sunrise and Salt want to make a significant contribution to the digitalization and improvement of energy efficiency and benefit customers and Switzerland as a business location.
Salt awarded “Achiever of the Year” by network test
April 9, 2020
For the second year in a row, Salt obtained the score “very good” for its mobile network and was qualified as “Achiever of the Year” by an independent network test.
Salt – 2019 Full-Year Results
March 24, 2020
Continued strong momentum in core brand – positive trend in service revenue throughout the year – B2B business revitalized – best value proposition supported by service quality improvements and continued investments in world-class network.
Salt stands by you
March 19, 2020
In light of the COVID-19 pandemic, Salt pursues its commitment towards the Swiss population to ensure smooth telecommunications. Both Mobile and Fixed Internet networks are currently running stable and able to cope well with the increased demand. A selection of Salt Stores, in central locations are currently operating with reduced staff as part of the core services.
Unlimited mobile Internet in Switzerland for all Salt Business customers
March 16, 2020
In light of the current pandemic situation, and to contribute to hold back the spreading of the COVID-19, Salt has decided to support employees who work from home by temporarily providing all Salt Business customers who have a restricted data price plan with an upgrade to unlimited mobile Internet within Switzerland until May 31st, 2020, free of charge.
Independent test confirms excellent mobile network quality
March 4, 2020
An independent test demonstrates that Salt has further improved the quality of its mobile network, providing one of the best networks in the “DACH” region (Germany, Austria and Switzerland). The operator’s network was again rated “very good”.
Salt Fiber, the fastest. Again.
Feb. 13, 2020
On February 13 2020, nPerf published its annual Barometer of fixed internet connections for Switzerland. In 2019, among all providers, all technologies combined, Salt offered the best down and upload speed for the second year in a row