Belgium’s second largest cellular operator, Mobistar, which is majority owned by France’s Orange Group, has reported a 14.5% drop in revenues for full-year 2014 to EUR1.25 billion (USD1.43 billion), down from EUR1.46 billion in 2013. EBITDA fell 19.5% over the twelve months to EUR255.4 million, while net profit plunged 50.5% to EUR43.3 million. The firm said the disappointing results were due in part to the impact of regulatory moves such as a reduction in European Union (EU) roaming tariffs and mobile termination rates (MTRs); without these two factors revenues would have declined 8.0%. Mobistar claimed 5.57 million connected SIM cards across its operations in Belgium and Luxembourg at the end of December, up from 5.18 million a year earlier. It said that the number of contract customer rose by 6,600 in the final three months of 2014, which helped it to register its first quarterly increase in average revenue per user (ARPU) in three years, rising from EUR23.9 in the third quarter to EUR24.3 in the fourth quarter.