Financial Data and Key Metrics Changes - The company reported an EBITDA growth of 2.4%, driven by operational expense (OPEX) improvements, despite a year-on-year decline in software revenues by 1.1% [5][22] - Revenue decreased by 1.1%, translating to a decline of approximately CHF 8 million, primarily due to a drop in fixed subscription revenue [22][25] - Free cash flow generated was close to CHF 14 million, lower than Q2, attributed to interest payments typically made in Q1 and Q3 [25][30] Business Line Data and Key Metrics Changes - Mobile segment saw 20,000 postpaid net additions, supported by B2B growth, while the internet segment experienced a decline of 7,000 net adds due to software trading impacts and UPC migrations [5][18] - Fixed business reported negative net adds of 7,000, attributed to slower inflow and higher churn, which is expected to be a one-time impact [13][14] - Mobile ARPU increased, benefiting from price increases and improved inflow values, while fixed ARPU declined due to promotional pressures and accounting impacts from new mobile portfolio [19][22] Market Data and Key Metrics Changes - Competitive intensity remains high but unchanged, with the company continuing its strategy across main brands, flanker brands, and B2B [7][36] - The company launched a new budget mobile brand, CH Mobile, to capture the lower end of the market, responding to increased competition in that segment [11][12][58] Company Strategy and Development Direction - The company is executing a fast follower strategy, particularly in response to Black Friday activities, and has launched several new services to open growth avenues [6][11] - Focus on improving operational efficiencies and cost management, with expectations of further OPEX and CAPEX efficiencies in the future [7][36] - The company aims to stabilize its fixed business by 2026, despite current delays in stabilization [36] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a slower than expected stabilization of the fixed consumer business, driven by softer inflow and higher churn levels [15][36] - The company reaffirmed its 2025 financial guidance, including a 2.7% growth in dividends per share (DPS) [6][36] - Management is optimistic about increasing free cash flows and attractive shareholder returns in the midterm [7][36] Other Important Information - The company confirmed the termination of its Class A ADS program, with a significant percentage of shares already converted [34][35] - The company is committed to gradually repaying its debt, with plans to repay CHF 180 million in Q4 [33][34] Q&A Session Summary Question: B2B interest in 5G services and EU vendor replacement risks - Management noted slow movement in B2B adopting 5G services, with no major inflow of new demands yet [41] - No imminent need to react to EU discussions on vendor replacements in Switzerland [41][42] Question: Black Friday sales and fixed ARPU weakness - Management observed early promotions from competitors but noted no significant changes in aggression compared to previous years [46] - Fixed ARPU pressures are expected to stabilize with ongoing actions to improve inflow and reduce churn [48] Question: Brand strategy and fiber rollout focus - The new CH Mobile brand aims to fill gaps in the budget segment, responding to competitor activity [58] - Management plans to enhance marketing efforts in fiber rollout areas to capture more customers [60] Question: Expectations for CH Mobile and cost savings - No specific market share targets for CH Mobile, but the goal is to participate in the growing budget segment [76] - Cost savings expected from AI implementation, organizational efficiencies, and effective marketing spending [77]