Bouygues Telecom predicts 10 percent drop in 2012 revenues

France-based operator Bouygues Telecom has announced that it expects its 2012 revenues to drop by 10 percent.

The company said it would implement a cost savings plan to account for cuts in call termination rates – estimated at around €350 million – the growth in SIM-only offers and the arrival of new competitor Free Mobile.

The news came as Bouygues revealed that its full year 2011 revenues increased two percent to €5.7 billion.

Net profit was down 17 percent to €370 million, while capex increased 26 percent to €859 million.

In what it described as “a fiercely competitive mobile market”, the operator said it gained 369,000 new mobile plan customers last year.

The total customer base in December 2011 numbered 11.3 million, of whom 80.6 percent were on mobile plans.

Bouygues led the fixed broadband market in France, signing up 433,000 new customers in 2011. It now has a total of 1.24 million customers as of December 2011.

More News

Telefónica records €1 billion digital sales as Q1 figures show improvement Telefónica records €1 billion digital sales as Q1 figures show improvement Telefónica's revenues from digital services hit €1 billion in the first three months of the year as it unveiled its latest financials. More detail
eir hails Setanta buy amid solid financials eir hails Setanta buy amid solid financials The CEO of eir hailed its takeover of Setanta Sports as the Irish operator reported increased sales and profits. More detail
SFR goes content, convergence crazy with media buys SFR goes content, convergence crazy with media buys SFR said it wants to write the future of the telecom, media and advertising industries with two acquisitions that look set to shake up the French market. More detail
Report links customer dissatisfaction to lack of digital investment Report links customer dissatisfaction to lack of digital investment Customer dissatisfaction with mobile operators has been linked to a lack of investment in digital technology and services in a new report. More detail
Telekom Austria takes Q1 profit hit, underlying revenues rise Telekom Austria takes Q1 profit hit, underlying revenues rise Telekom Austria’s net profit took a hit in the first quarter, but took heart from improving underlying revenues and earnings. More detail