Bouygues Telecom and VEON reported rising revenues and earnings last year, the operators’ latest financials have revealed.

France-based Bouygues was grateful for rising customer numbers and price increases introduced at the end of May 2017 for a 6.8 percent jump in revenues to €5.09 billion.

The company now has 14.4 million mobile customers after adding 500,000 subscribers in 2017, while the number of fixed line subscribers grew by 341,000 to reach 3.4 million.

Bouygues now has 265,000 customers subscribed to FTTH services and said it is actively marketing pure fibre to four million premises, two million more than at the end of 2016.

[Read more: Bouygues taps TDF for new FTTH deployment deal]

Revenue growth helped to push EBITDA up by €246 million to €1.16 billion, and EBITDA margin up 4.6 percentage points to 27.2 percent.

Operating profit was €470 million, up €301 million year-on-year, while net profit jumped by €168 million to €260 million.

Meanwhile, Amsterdam-based VEON saw like-for-like revenues and earnings increasing across its varied footprint.

Sales rose 1.9 percent to $9.47 billion as its opcos in Russia, Pakistan, Ukraine and Uzbekistan all delivered growth.

It was a different story in Algeria and Bangladesh, however, where revenues slumped 10.8 percent and 4.6 percent respectively to $915 million and $574 million.

VEON cited price competition for lower APRU and higher churn in Algeria, while Bangladesh suffered from network issues.

Across the board, the company’s mobile customer base rose by three million to 211 million, while the number of broadband subscribers increased by 100,000 to 3.1 million.

Group EBITDA hit $3.59 billion, a rise of 7.5 percent, thanks to growth of 30.5 percent in Pakistan and 18.1 percent in Ukraine.

Every other subsidiary registered an EBITDA decline.

The operator recorded a net loss from continued operations of $496 million, up from $288 million last year, due to forex losses and impairments.

CEO Jean-Yves Charlier said: "Looking ahead to 2018, our financial performance will be impacted by Uzbekistan’s currency liberalisation and a number of strategic transactions including the Pakistan tower transaction closing and the integration of the Euroset business in Russia.

“As such, we expect flat-to-low single digit organic growth for both Group revenue and EBITDA.”

Read more: Two in, two out at key VEON divisions

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