Belgacom Q1 better-than-expected
May 8, 2015
Belgacom reported better-than-expected core profit for the first quarter, as profit margins in its fixed and mobile businesses expanded.
The Belgian telco, which offers services consumers under the Proximus brand, said revenue per user increased for its home broadband, TV and mobile products and more mobile customers chose to have a monthly contract over a prepaid card.
Belgacom gained 65,000 TV subscriptions during Q1, with the total TV customer base now at 1,657,000.
Core profit rose about 5 per cent in the first quarter to €425 million.