Mobistar lowers FY guidance as H1 sales hit by competition

Monday 22 July 2013 | 09:08 CET | News
Reporting results one day early, Mobistar has lowered its full-year guidance under pressure from sharpened competition and regulations and scrapped its dividend for 2013. The Belgian mobile operator now sees revenues for 2013 down 12 percent, EBITDA of over EUR 300 million and an operating cash flow of at least EUR 100 million. The operator expects results to stabilise in 2014. Mobistar ended the second quarter with 3.33 million customers, a loss of 45,000. Still, the MVNO customer base grew to 1.07 million from 973,900. Including 105,400 customers in Luxembourg, Mobistar now has 4.509

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Categories: Mobile & Wireless
Companies: Belgacom / Mobistar / Telenet
Countries: Belgium
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