Base Q1 revenues fall 4.5% on stiff competition

Thursday 30 April 2015 | 16:24 CET | News
Belgian mobile operator Base Company, part of the KPN operations to be acquired by Telenet, recorded revenues for the first quarter down 4.5 percent to EUR 169 million. EBITDA fell 37 percent, partly due to one-time tax payment on installation points (pylon tax, EUR 16 million). The EBITDA slid to 15.4 percent. Without the one-off, the margin would have been at 22.5 percent. Capex decreased to EUR 23 million, bringing the free cash flow (EBITDA minus capex) to EUR 3 million. The number of postpaid customers decreased in the quarter by 3,000, with prepaid stable at 3.29 million. The number of

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Categories: Mobile & Wireless
Companies: Base / KPN / Telenet
Countries: Belgium
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