Q1 revenues were down by 3.1% yoy but this is due to the sharp 10.9% drop in BICS revenues. BICS is the International Carrier division combined with that of the African telco MTN and the drop is due to lower voice traffic to African regions. Domestic revenues were indeed stable yoy. But the good news of the release is that for Q1, the group managed to sustain solid EBITDA growth, up by 3.8% for Domestic, and growing by 2.5% for the group. This was driven by a continued growth in Fixed and Mob

04 May 2016
Improvement in cost efficiency

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Improvement in cost efficiency
Proximus SA (PROX:WBO) | 0 0 1.5% | Mkt Cap: 8,762m
- Published:
04 May 2016 -
Author:
Jean-Michel Salvador -
Pages:
3 -
Q1 revenues were down by 3.1% yoy but this is due to the sharp 10.9% drop in BICS revenues. BICS is the International Carrier division combined with that of the African telco MTN and the drop is due to lower voice traffic to African regions. Domestic revenues were indeed stable yoy. But the good news of the release is that for Q1, the group managed to sustain solid EBITDA growth, up by 3.8% for Domestic, and growing by 2.5% for the group. This was driven by a continued growth in Fixed and Mob