Belgacom reiterates its 2008 full-year guidance based on solid business performance during Q1 2008

Friday, May 16th, 2008
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The Consumer Business Unit of Belgacom (Euronext Brussels: BELG) continued to grow its iDTV customer base, adding 43,931 new customers during the first quarter of 2008 with an average revenue per user (ARPU) of EUR 17.4, compared to EUR 13.4 a year ago. At the end of March 2008, the total Belgacom TV customer base counted 349,250 customers.

Subscribers – Three months ended 31 March

                     2007      2008  Variance  Variance %
                 --------  --------  --------  ----------         
TV (thousands)        149       349       200      134.2%

Belgacom TV revenue significantly increased compared to last year: EUR 10 million or +125%, driven by a much larger customer base (year-over-year +199,759 customers or +134%) and a strong ARPU growth (from EUR 13.4 to EUR 17.4). Product enhancements and the launch of packs continued to have a positive impact on the number of net adds in Q1 2008.

More: Earnings Release