(Telecompaper) Belgacom reported fourth-quarter reveneus down 4.2 percent to EUR 1.515 billion, hurt in part by divestments. Underlying sales growth was 2.2 percent, to EUR 1.506 billion, the Belgian operator said. Excluding its wholesale unit BICS, which posted sales down 1.5 percent, revenues were up 3.5 percent. Adjusted EBITDA totaled EUR 380 million in the quarter, and capex reached EUR 355 million, excluding EUR 16 million for spectrum licences. Free cash flow totaled EUR 81 million. Belgacom said it reached LTE coverage of 85 percent of the population at year-end and also started on a three-year plan to roll out VDSL vectoring, taking broadband speeds from an average 40 Mbps to 70 Mbps. The operator proposed a dividend of EUR 1.50 per share for the year, of which 50 cents was already paid out as interim. It pledged to pay the same amount for 2015 and 2016. The company finished the year with net debt at 1.05 times EBITDA.