Backman
23-11-2007, 11:02 AM
Rate of data growth slows, too
The European mobile industry suffered its first ever quarter of decline in voice revenues during the third quarter of 2007, according to Credit Suisse (CS) research analysts Justin Funnell and Paul Sydney.
Funnell and Sydney said that a combination of reduced roaming prices and termination cuts (especially in Spain and Italy) resulted in a loss of 0.4% y/y. Overall growth was 2.6% y/y in Q3 2007, down from 3.7% y/y in Q2 2007 and 3.5% in Q3 2006.
"The average European mobile operator beat our Q3 revenue forecast by 1% and EBITDA forecast by 3%. Sector revenue growth slowed as expected whilst margins fell less than forecast. The UK and Portuguese markets performed particularly well, whilst Norway, Finland and Belgium were weak.".
Belgium's service revenue fell over 6% for the quarter, comparable to last year. Germany's fell just over 4%.
More (http://www.mobileeurope.co.uk/news_analysis/113402/First_ever_fall_in_European_voice_revenues.html)
The European mobile industry suffered its first ever quarter of decline in voice revenues during the third quarter of 2007, according to Credit Suisse (CS) research analysts Justin Funnell and Paul Sydney.
Funnell and Sydney said that a combination of reduced roaming prices and termination cuts (especially in Spain and Italy) resulted in a loss of 0.4% y/y. Overall growth was 2.6% y/y in Q3 2007, down from 3.7% y/y in Q2 2007 and 3.5% in Q3 2006.
"The average European mobile operator beat our Q3 revenue forecast by 1% and EBITDA forecast by 3%. Sector revenue growth slowed as expected whilst margins fell less than forecast. The UK and Portuguese markets performed particularly well, whilst Norway, Finland and Belgium were weak.".
Belgium's service revenue fell over 6% for the quarter, comparable to last year. Germany's fell just over 4%.
More (http://www.mobileeurope.co.uk/news_analysis/113402/First_ever_fall_in_European_voice_revenues.html)