Mobistar reports 10% rise in its subscriber base, 3Q revenues drop (Belgium)
Mobistar reported its financial results for the third quarter. In this quarter the performance is quite stronger than expected. The cellco posts a slight rise in EBITDA which is EUR150.4 million, up from EUR148.7 million for the same period last year, with the operator noting that EBITDA margin had remained stable due to cost efficiency, regardless of what it termed ‘an environment of increasing costs.’ This year revenues slipped from EUR71.2 million to EUR70.4 million, with Mobistar attributing the drop to the decrease in mobile termination rates in May and July 2008, alongside lower fees for roaming.
However, Mobistar posted 10% rise in its subscriber base over the twelve months to 30 September 2008 to 3.75 million. The operator further stated that it had invested EUR109.1 million in its network during the first nine months of 2008, as they are planning to launch its 3G/HSDPA covering 85% of the population by the end of 2008.
