Belgacom has revised its yearly forecast upwards as its latest quarterly results revealed revenue growth.
The Belgium-based operator now expects full-year revenues to increase by up to one percent rather than the one percent decline it originally predicted.
The revision came as Belgacom announced that Q3 revenues rose 1.5 percent year-on-year to €1.6 billion.
Growth between July and September was driven by the operator’s International Carrier Services (BICS) and Consumer businesses.
BICS revenues grew 5.7 percent to €424 million as the company managed to increase sales from both and non-voice sources.
The operator’s consumer segment saw revenues grow 2.8 percent to €587 million thanks to growth in its TV services and sales of mobile terminals.
Belgacom TV acquired 39,000 subscribers in an 18.9 percent growth spurt that brought its total customer base to 1.34 million.
Although the operator’s fixed voice revenues were down 5.8 percent, Belgacom said this was a smaller decline than in previous quarters.
Mobile data revenues also grew 6.1 percent.
Didier Bellens, CEO, described the results as proof of the operator’s resilient position within its home market, despite significant competitive, regulatory, and economic pressures.
“With the good performance so far and our expectations for the last quarter, we are comfortable in raising our full-year guidance,” said the CEO.
However, enterprise revenues fell 2.2 percent to €560 million as a fall in revenues from mobile voice and data hit home.
Net income for the first nine months of the year was also down 7.5 percent to €543 million.