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Wireless

Mobistar 9-mth revenues down 8%

Monday 21 October 2013 | 10:20 CET | News
Belgian mobile operator Mobistar reported revenues for the first nine months of the year down 8.0 percent to EUR 1.104 billion, hurt by termination rate cuts and a shift in pricing to deal with growing competition on the market. Excluding the regulatory impact and growing smartphone sales, mobile service revenues were down 10.9 percent from a year earlier. EBITDA fell 26.9 percent to EUR 270.0 million, and the margin dropped to 28.1 percent from 34.2 a year ago. Mobistar said the cuts to roaming and termination rates took EUR 37 million off EBITDA. Operating cash flow was down 42.5 percent to

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Categories: Mobile & Wireless
Companies: Mobistar
Countries: Belgium
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