Q3 revenues were down by 1.4% yoy. This is indeed a good performance because if we exclude the expected sharp 9% drop in BICS revenues (the International Carrier division combined with that of the African telco MTN) due to lower voice traffic to African regions, domestic revenues have grown by 1.5%, a slightly better performance than the 0.3% growth recorded in H1. Like in H1, the good news of the release is that, for Q3, the group managed to sustain solid EBITDA growth, up by 5.5% yoy (vs 4%
03 Nov 2016
More competitive to face Liberty
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More competitive to face Liberty
Proximus SA (PROX:WBO) | 0 0 1.5% | Mkt Cap: 8,762m
- Published:
03 Nov 2016 -
Author:
Jean-Michel Salvador -
Pages:
3
Q3 revenues were down by 1.4% yoy. This is indeed a good performance because if we exclude the expected sharp 9% drop in BICS revenues (the International Carrier division combined with that of the African telco MTN) due to lower voice traffic to African regions, domestic revenues have grown by 1.5%, a slightly better performance than the 0.3% growth recorded in H1. Like in H1, the good news of the release is that, for Q3, the group managed to sustain solid EBITDA growth, up by 5.5% yoy (vs 4%