Mobistar Q1 revenues up 2.2%

20 Apr 2007

Mobistar, Belgium’s second largest mobile network operator, has reported a 2.2% rise in first-quarter sales, but repeated its forecast that profits and turnover will decline in 2007. Sales for the first three months of 2007 were EUR372.1 million (USD505.7 million), up 2.2% from EUR364.1 million in the same period of 2006. Average revenue per user (ARPU) fell 1.1% to EUR38.17, mainly due to declining mobile termination rates, the company said in a statement. The company said it managed to increase its active client base by 7.1% year-on-year to 3.165 million, of which 52.3% were post-paid, up from 45.7% a year earlier.

Mobistar, which is majority owned by France Telecom, confirmed the financial outlook it gave in February when it said revenues and net profit would fall by between 2%-4% in full year 2007, as the Belgian market matured and roaming tariffs declined.

Belgium, Orange Belgium