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General

Belgacom to boost investment, trim dividend

Friday 28 February 2014 | 10:16 CET | News
Belgacom reported fourth-quarter revenues down 3.8 percent from a year earlier to EUR 1.582 billion. EBITDA fell 6.3 percent to EUR 398 million, while net profit came in at EUR 148 million, Over the full year, revenues fell 2.2 percent and EBITDA was down 4.9 percent, hurt by regulatory price cuts and competitive pressures. The Belgian operator increased capex 29 percent to EUR 972 million in 2013, due mainly to EUR 120 million for its 800 MHz licence. Spending included expanding the 4G network to over 50 percent coverage by year-end and preparing the fixed network for the roll-out of

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Categories: General
Companies: Belgacom / BICS / Proximus / Scarlet Netherlands / Telindus / Vivendi
Countries: Belgium
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