Stronger than expected 3Q for Mobistar, reiterates full-year forecasts

22 Oct 2008

Having released its financial results for the three months ended 30 September 2008, Belgian cellco Mobistar has maintained its forecasts for the full year, after a stronger than expected performance quarter. Earnings before interest, tax, depreciation and amortisation (EBITDA) for the three-month period rose slightly year-on-year to EUR150.4 million (USD199.2 million), up from EUR148.7 million for the same period last year, with the operator noting that EBITDA margin had remained stable due to cost efficiency, despite what it termed ‘an environment of increasing costs.’ Revenues for the period were EUR70.4 million, down only slightly from 71.2 million a year earlier, with Mobistar attributing the drop to the decrease in mobile termination rates in May and July 2008, alongside lower fees for roaming, as a result of recent Belgian and European regulator decisions.

The operator reported a 10% rise in subscribers over the twelve months to 30 September 2008 to 3.75 million, and claimed that it had invested EUR109.1 million in its network during the first nine months of 2008, as part of plans to roll out its 3G/HSDPA coverage to 85% of the population by the end of the calendar year.

Belgium, Orange Belgium