Swisscom Reports CHF835 Million 4Q Loss On Fastweb Write-Down

reported a worse-than-expected net loss of 835 million Swiss francs in its 4Q 2011 due to an impairment charge at its Italian unit Fastweb.

MAIN POINTS:

-4Q net loss of CHF835 million ($911 million) versus profit of CHFmillion in 2010

-4Q revenue CHF2.93 billion versus CHFbillion in 2010

-Outlook: Swisscom expects net revenue of CHF 11.4 billion, EBITDA of CHF 4.4 billion and capital expenditure of CHF 2.2 billion for the financial year 2012.

- Six analysts polled by Dow Jones Newswires on average forecast a net loss of

- Six analysts polled by Dow Jones Newswires on average forecast revenue of

- Said it will propose a dividend of up from CHF21 for 2010.

- Annual revenue fell 4.3% to CHF11.47 billion from CHF11.99 billion in 2010.

- 2011 Net Profit attributable to shareholders fell to CHF683million from CHF1.81 billion in 2010.

- Currency reduced CHF250 million from revenues, company says.

- Says price erosion in Switzerland of CHF508 million could not be fully offset by customer and volume growth of CHF400 million.

- Annual Revenue at Fastweb declined by 7.1% to EUR1.75 billion.

-By John Revill, Dow Jones Newswires; [phone] ; [e-mail]