Proximus reports 0.4% rise in domestic underlying EBITDA in third quarter

25 Oct 2019

Belgian full-service telecoms operator Proximus has reported underlying revenue of EUR1.071 million for the three months ended 30 September 2019, 2% down on the same period of 2018, while domestic underlying group EBITDA rose to EUR430 million, a year-on-year increase of 0.4%, driven by cost control and operational efficiencies.

Proximus ended the reporting period with 2.079 million broadband customers (a year-on-year increase of 1.9%) and 1.635 million TV subscribers (up 1.9% y-o-y), while the number of fixed voice customers fell by 5.2%, to 2.44 million. The company reported mobile post-paid net additions of 23,000 in the quarter to end the quarter with a wireless subscriber base of 4.088 million at the end of September 2019, while the number of pre-paid customers fell by 11,000 to 742,000. M2M SIMs grew by 113,000 to 1.679 million.

Interim CEO Sandrine Dufour commented: ‘In spite of a challenging market, we maintained a positive customer momentum, growing our internet, TV and mobile post-paid customer bases, supported by our convergence and segmentation strategy … Our ‘shift to digital’ strategy, initiated since the start of this year, is bearing fruit and we are seeing some cost benefits crystalising somewhat earlier than expected in our domestic operations.’

Belgium, Proximus