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Tag: belgacom
Belgacom to boost investment, trim dividend
2014-02-28 10:16:00| Telecompaper Headlines
(Telecompaper) Belgacom reported fourth-quarter revenues down 3.8 percent from a year earlier to EUR 1.582 billion. EBITDA fell 6.3 percent to EUR 398 million, while net profit came in at EUR 148 million, Over the full year, revenues fell 2.2 percent and EBITDA was down 4.9 percent, hurt by regulatory price cuts and competitive pressures. The Belgian operator increased capex 29 percent to EUR 972 million in 2013, due mainly to EUR 120 million for its 800 MHz licence. Spending included expanding the 4G network to over 50 percent coverage by year-end and preparing the fixed network for the roll-out of vectoring this year. Operating cash flow was down 11 percent over the year to EUR 1.319 billion. Belgacom will pay a dividend of EUR 2.18 for 2013, but said it plans a more modest pay-put of EUR 1.50 per share over the next three years. The operator expects the mobile market to stabilise in the course of this year, as the regulatory impact diminishes and new products win customers. Overall, core group revenues are expected to fall 1-2 percent in 2014. Group EBITDA is forecast down 3-4 percent, including EUR 20 million in extra spending to strengthen its commercial offer, offset by an accounting change on capitalisation of customer connections. Capex this year is estimated at EUR 900 million, including further spending on 4G, vectoring and IT simplification.
Tags: investment
boost
trim
dividend
Belgacom launches TV Replay in Dutch-speaking parts of Belgium
2014-02-17 17:00:34| Digital TV News
TV Replay is a Belgacom service which allows Belgacom TV customers to watch programs up to 36 hours after they've been broadcast, on their TV, computer, tablet or smartphone.
Tags: parts
belgium
launches
replay
Leroy confirmed as new Belgacom CEO
2014-01-09 14:41:00| Telecompaper Headlines
(Telecompaper) The Belgian government has confirmed the appointment of Dominique Leroy as the new CEO of Belgacom. On his Twitter feed, Prime Minister Elio di Rupo congratulated Leroy on the appointment. The state is Belgacom's largest shareholder, with just over 50 percent of the shares. Leroy is currently head of Belgacom's consumer business unit. Belgacom said it will hold a press conference on 09 January to confirm the appointment, with Jean-Pascal Labille, the Minister for State Enterprises, and the company's chairman, Stefaan De Clerck.
Tags: confirmed
ceo
leroy
belgacom
Belgacom names new CEO
2014-01-09 01:00:00| Total Telecom industry news
Insider Dominique Leroy given six-year term.
Belgacom consumer chief Leroy to become new CEO - report
2014-01-08 16:19:00| Telecompaper Headlines
(Telecompaper) The Belgian government is expected to announce shortly Dominique Leroy as its candidate for the new CEO of Belgacom, L'Echo reports. The state, which holds 53.5 percent of Belgacom shares, is expected to follow the recommendation of headhunters Russels Reynolds, which put Leroy at the top of the list of candidates. She has worked at Belgacom since 2011, starting first as sales executive and joining the management team as head of the consumer activities in June 2012. Prior to that she worked 24 years at Unilever, lastly as MD of its Benelux activities. Her appointment still needs approval by Belgacom's management board. While the board's next meeting was not expected until late February to look at the annual results, L'Echo's sources said the government is pushing for a quicker decision, and the board could meet as early as 08 or 09 January. Leroy would take over from CFO Ray Stewart, who has served as interim CEO since Didier Bellens was dismissed in November.
Tags: report
chief
consumer
ceo