Belgacom income up 3.9%

24 Feb 2006

Belgian telecoms group Belgacom has reported a 3.9% increase in net income for 2005, up to EUR959 million (USD1.14 billion). Group revenues in the twelve months ending 31 December 2005 rose 2.8% year-on-year to EUR5.696 billion, whilst EBITDA was EUR2.098 billion, down from EUR2.353 billion. With the mobile market approaching saturation Belgacom Mobile, which offers services under the Proximus banner, added just 55,606 active customers over the year to finish December with 4.253 million subscribers. Proximus is the only operator in the Belgian market to offer 3G services for residential customers, though it has yet to split out its customer statistics by technology. In the fixed line arena the number of PSTN and ISDN access channels in service fell to 4.273 million, from 4.423 million in 2004, though this was partly counteracted by growth in the broadband sector; Belgacom ended 2005 with 977,000 ADSL lines, up from 828,000 at the start of the year.

Belgium, Proximus