Mobistar net profit drops 74% in Q1

Thursday 24 April 2014 | 10:32 CET | News
Belgian mobile operator Mobistar reported first-quarter revenues down 19.3 percent from a year earlier, to EUR 317 million from EUR 393 million. The company said regulatory cuts to termination and roaming rates took EUR 6.2 million off sales, while it also saw a 36 percent drop in equipment sales. Service revenues fell 16.2 percent to EUR 278 million, but the company said this pointed to a turnaround after the rate of decline hit 21.4 percent in Q4 2013. Adjusted EBITDA fell 33.2 percent to EUR 66.1 million, and the margin dropped to 23.8 percent from 29.8 a year ago. While the operator

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Categories: Mobile & Wireless
Companies: Mobistar
Countries: Belgium
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