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Orange Belgium grows FY EBITDA, resumes dividends

Thursday 9 February 2017 | 11:39 CET | News
Orange Belgium met its target for growth in adjusted EBITDA in 2016 and forecast a stable result in 2017 due to the negative impact of cuts in EU roaming prices. Adjusted EBITDA rose 14.4 percent in 2016 to EUR 315.7 million. Excluding the settlement with the Wallonia government on tower taxes, the figure was up 1.1 percent to EUR 300.2 million, at the top of the company's outlook of EUR 280-300 million. Service revenue increased 0.7 percent last year to EUR 1.242 billion and Orange said growth would have been 3.4 percent without the roaming impact. For 2017, Orange forecast further growth in

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Categories: Mobile & Wireless
Companies: Orange
Countries: Belgium
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