Proximus’ international wholesale arm pushed overall revenues down last year, but the Belgium-based operator delivered on profit growth.

Group revenues fell 2.1 percent year-on-year to €5.9 billion in 2016, as BICS saw sales drop 9.6 percent to €1.5 billion during the year.

The wholesale division’s performance continued to be impacted by falling voice traffic, but a 5.6 percent reverse in the fourth quarter was almost half the 10.9 percent fall in Q1.

BICS’ travails overshadowed ongoing growth elsewhere in the business.

Revenues at the company’s Consumer arm nudged up 0.4 percent to €2.9 billion, as growth in broadband and TV services offset a decline in mobile.

Enterprise revenues rose 1.9 percent to €1.4 billion, largely thanks to growth in ICT services such as cloud, storage and security.

Proximus said 124,000 customers signed up to its new converged offerings for consumers and businesses, which it launched in October.

EBITDA rose 3.6 percent to €1.8 billion, which pushed net income up 8.5 percent to €523 million.

The operator spent €949 million on upgrading its networks, improving customer experience and buying TV content last year, down €53 million on 2015.

CEO Dominique Leroy said: “Over the next three years we are strengthening our ambition and aim at accelerating our transformation towards a digital service provider, delivering superior customer experience.   

“We will make our organisation fitter, focusing on efficiency and simplification efforts to further structurally reduce our costs and hence finance our ambitious investment program.”

Earlier this week, the operator was forced into making a statement about Leroy’s remuneration.

It denied asking the government to give the CEO “a long-term bonus” but admitted that it had “approached the government early last year to inquire about the possibility of granting such an incentive”.

Read more: Proximus starts selling customer data reports for €700 a time

More News

Iliad enters content game in France, finally launches Italian mobile business Iliad enters content game in France, finally launches Italian mobile business Iliad has acquired football rights in France and launched its opco in Italy as it looks to reboot after a disappointing set of financial results. More detail
Three UK appoints new CCO, CFO Three UK appoints new CCO, CFO The departure of Three UK's Chief Commercial Officer after just 18 months in the job has triggered a shake-up of the mobile operator's top team. More detail
TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk to sell enterprise customer base to Daisy as it registers full-year loss TalkTalk has agreed to sell 80,000 business customers to rival Daisy Group in a £175 million deal. More detail
A1 Telekom Austria Group rebrand reaches Bulgaria A1 Telekom Austria Group rebrand reaches Bulgaria Bulgaria is the third A1 Telekom Austria Group opco to get rebranded as the telco looks to market itself as a provider of "advanced" IT, IoT, cloud and content services. More detail
Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services puts IoT to use on saving ships’ fuel costs Orange Business Services has expanded its work with Dobroflot by developing a customised IoT solution for the Russian fishing company. More detail
    

 

European Communications is now
Mobile Europe and European Communications

  

From June 2018, European Communications magazine 
has merged with its sister title Mobile Europe, into 
Mobile Europe and European Communications.

No more new content is being published on this site - 

for the latest news and features, please go to:
www.mobileeurope.co.uk 

 

@eurocomms