Belgacom said that a combination of sharp competition, regulatory pressure and an unfavourable economic climate will make 2009 a challenging year, leading to a revenue decline of about 1% and an EBITDA margin of between 32%-33% compared with 33% in 2008 before non-recurring items. The company also said that capital expenditure will be between 10% and 11% of revenue compared with 11% in 2008
Last year, Belgacom's revenue fell 1.3% to 5.99 billion euros thanks in part to EU regulation cutting roaming revenues by 73 million euros. Belgacom also said it has spent 446 million euros (including 30 million euros in 2008) on 3G networks since launch, providing coverage to 90% of Belgium's population. source: Belgacom statement
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