Belgium’s Mobistar revenue to fall in FY2009-10

www.WirelessFederation.com/news: Due to increased regulation and higher levels of investment, Belgium’s second largest mobile network operator by subscribers, Mobistar is expecting lower earnings in its current financial year, ending March 2010. The company also expects EUR100 million (USD137.6 million) in savings over the next three years on operating costs and investments.

In this regard, Mobistar signed a deal with KPN Belgium in October 2009, to work together on the construction and operation of new sites for future deployments of their respective networks.

In Q4 last year, Mobistar recorded a drop of 1.2 % in the service revenue from EUR1.06 billion a year earlier to EUR1.048 billion. Mobistar has claimed that it expects the negative impact of the regulation for MTR and roaming for 2009 on total revenues to be approximately EUR35 million.