Proximus’s wholesale division dragged down revenues again in the first quarter of 2017, as earnings and net income rose.
The Belgium-based operator reported €1.4 billion in revenue in the first three months of 2017, up 0.7 percent year-on-year.
The sluggish performance owed much to wholesale division BICS, where revenues fell six percent to €334 million.
The company cited a fall in non-voice services driven by increased competition in non-voice sub-segments for the decline.
[Read more: BICS set to acquire TeleSign for $230 million]
Elsewhere, Proximus’s performance was healthy, with underlying domestic revenues rising 3.2 percent to reach €1.1 billion through higher revenue from ICT, fixed data and TV and mobile devices revenue.
Proximus saw a 0.3 percent rise in postpaid mobile revenue to 294 million driven by customer uptiering and increased data consumption.
Prepaid decline of 30 percent (to 27 million) however meant mobile services revenue overall fell 2.6 percent to €242 million.
Mobile devices revenue was up 56 percent to 45 million.
Proximus added 44,000 postpaid customers to reach 3.8 million, while losing 64,000 Prepaid customers to fall to 1.1 million.
Meanwhile, TV, internet and ICT revenues rose 9.2 percent, 2.3 percent and 14.7 percent to €95 million, €214 million and €133 million respectively.
EBITDA rose 7.5 percent to €449 million due in part to a reduction in operating expenses.
Net income for the quarter rose five percent to €124 million.
Dominique Leroy, CEO of Proximus Group, said the company had started the year “in good shape”.