Mobistar reports better-than-expected performance in Q3

21 Oct 2010

Belgian cellular services provider Mobistar beat expectations in the third quarter of this year and maintained its full year outlook. Belgium’s second biggest cellco, majority-owned by France Telecom, said earnings before interest, tax, depreciation and amortisation (EBITDA) decreased to EUR136.6 million (USD189.5 million), slightly better than a consensus forecast of EUR130 million. The unit reported that third-quarter turnover was up 7.5% year-on-year, driven by strong demand for smartphones and increased mobile data traffic, which helped offset the impact of a regulator-imposed cut in roaming tariffs (in July) and in mobile termination rates (in August), which depressed profits. The group has confirmed its FY2010 outlook which includes a 5% increase in revenues, EBITDA of between EUR520 million and EUR540 million and net income of EUR225-EUR245 million.

Belgium, Orange Belgium