ZURICH, Reuters -Swisscom reduced its 2021 sales outlook Thursday due to a review and development in exchange rates.

It now expects net revenue of around 11.2 billion Swiss francs, down from its previous forecast of around 11.3 billion, and capital expenditure of around 2.3 billion versus the previous 2.2 billion to 2.3 billion, it said while reporting https://www.swisscom.ch/en/about/news/2021/10/28-report-q3-2021.html third-quarter results.

It expects Earnings before Interest, Tax, Depreciation, Amortization (EBITDA), to range between 4.4 billion and $4.5 billion. The firm reiterated that it will keep the dividend at 22 Francs per Share for 2021.

After reporting an increase of 4.9% in EBITDA for the half-year, the state-controlled ex-monopoly telecoms has raised its profit guidance to 2021.

The appeal by Swisscom over standards to be used in expanding fiber-optic networks for consumers was rejected this month by the Federal Administrative Court of Switzerland.

Swisscom stated that the expansion of fibre-optic networks was “clouded in uncertainty”. Swisscom said that it is only building point-to-point components of the network, including feeders for homes, until this situation is resolved.

At the end September, it connected approximately 4.7million homes and businesses in Switzerland with its super-fast broadband service. According to the company, ultra-fast internet will be made available in all cities by 2021.