Belgacom sees higher profits

24th August 2007, Comments 0 comments

Belgacom sees higher profits

24 August 2007

BRUSSELS (AP) - Belgacom SA, Belgium's largest phone operator, said Friday that first-half profit rose 30 percent after the company introduced new "bundled" packages to attract more customers. It also raised its full-year forecasts for its fixed-line and mobile businesses.

Net income for the six months through 30 June rose to EUR 564 million compared with EUR 434 million in the same period a year earlier, the company said in a statement. Sales rose to EUR 3.04 billion from EUR 3.03 billion a year earlier.

The "bundles" let residential customers combine several products such as internet, television and mobile services.

"The launch of bundled services proves to be very successful and has been a driver for growth in Belgacom TV and Mobile customers," the company said.

Last year, Belgacom bought the 25 percent it didn't already own in the Proximus mobile business from Vodafone for EUR 2 billion.

"Based upon the good set of results for the first half of 2007, and taking into account the expected challenges that lie ahead for the rest of the year, Belgacom feels comfortable in upgrading its 2007 full-year guidance for its fixed as well as for its mobile business," it said.

[Copyright AP 2007]

Subject: Belgian news

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