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Proximus grows EBITDA 8.4% in Q4
2016-02-26 08:47:00| Telecompaper Headlines
(Telecompaper) Belgian operator Proximus reported fourth-quarter revenues of EUR 1.502 billion, down 0.3 percent on an underlying basis. The company's retail activities recorded sales up 0.5 percent to EUR 1.117 billion, while the wholesale arm BICS posted revenues down 2.7 percent to EUR 385 million. EBITDA was up 8.4 percent from 2014 to EUR 414 million, and Proximus spent EUR 303 million in the quarter on capital investment. The fixed network was upgraded in 2015 so 43 percent of homes could receive vectoring, and a third of all households had access to over 100 Mbps broadband. The LTE network reached 98.,8 percent outdoor coverage and 4G+ was available to 30 percent. For 2016, Proximus forecast further growth in revenues and EBITDA, offset by the difficult comparison at BICS, the impact of EU roaming regulation and increased competition.
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q4
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Category:Telecommunications
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