Belgacom releases 2008 half year report

Year-over-year, the Belgacom Group (Brussels: BELG) revenue decreased by 2.5% to EUR 2,962 million, including a non-recurring revenue of EUR 8 million realized on the sale of Certipost. Excluding non-recurring revenue, the Group’s revenue decreased 2.8% to EUR 2,954 million.

Consumer Business Unit – CBU

• Strong growth of Belgacom TV customer base continued, adding 86,141 TV customers in the first half of 2008. By end of June, Belgacom had a TV customer base of 391,460, with an ARPU of EUR 17.5.

Compared to June 2007, Belgacom TV showed a revenue growth of EUR 22 million or +137%. This was driven by a much larger customer base (year-over-year +200,112 customers or +105%) and by an improvement of the ARPU (from EUR 14.6 to EUR 17.5).

Product enhancements and the launch of packs continued to have a positive impact on the number of net adds in the first half of 2008 (+86,141 subscribers). Compared to the same period last year, the TV ARPU grew by 19.6%, driven by an increase in services such as Comfort View and Video on Demand.

                               Six months ended 30 June
Belgacom TV                2007   2008   Variance  Variance %
                           ----   ----   --------  ----------
Subscribers (thousands)     191    391        200      104.6%
ARPU (€)                   14.6   17.5        2.9       19.6%

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