Mobistar posts 6.6% drop in Q1’09 profits (Belgium)

www.WirelessFederation.com/news: Mobistar, the Belgian mobile operator, posts a 6.6% fall in Q1’09 core profits whereas EBITDA dropped to 134.0 million euros ($174.5 million).
Mobistar reportedly said that it anticipates lowered profits in 2009 driven by regulatory pressure, competition and the global economic recession. The operator predicts a stable turnover in 2009, a telephone EBITDA margin close to 40%, and a net result of 240 million to 260 million euros, implying a fall of about 10% from 2008.
“The hypotheses could be modified if the economic situation were still to worsen,” the group warned however.