Tango sees 10.2% increase in 1Q12 revenues

15 May 2012

Tango Luxembourg, which is owned by Belgium’s Belgacom, has reported that its revenues for the three months ended 31 March 2012 increased 10.4% to EUR27 million (USD34.7 million). The Luxembourgian operator claimed a mobile subscriber base of 266,000 at the end of Q1, up 4.8% on the 254,000 users reported a year earlier. Blended monthly ARPU for the quarter was EUR28.4, compared to EUR26.6 in 1Q11. The company credits the take-up of iPhone subscriptions, together with the ongoing migration of pre-paid customers towards post-paid tariffs, for the quarterly increase in revenue.

Luxembourg, Tango (Luxembourg), Tango (OLD)