Bouygues Télécom, France’s third largest mobile operator, posted net profits of EUR305 million for the first half of 2006, up 39% year-on-year, on the back of the success of its new Neo and Exprima unlimited offers; the company had 671,000 Neo contracts at the end of June 2006. 1H revenues rose marginally to EUR2.175 billion, from EUR2.144 billion in 2005, although EBITDA fell by EUR42 million to EUR618 million and operating profits were also down 15.1% at EUR298 million, from EUR351 million previously. The EBITDA margin dipped 2.1% to 30.4%. In a statement Bouygues said it will make significant commercial investments in 2006 which will adversely affect margins but strengthen its position in the years ahead. It added that its mobile arm would be the weakest contributor to full year sales with a rise of 1% to EUR4.46 billion, revised downward by EUR40 million from the target set in June.