View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
February 21, 1997updated 05 Sep 2016 1:06pm


By CBR Staff Writer

Unquoted Belgacom NV – 51% owned by the Belgian state, 49% by the consortium of Ameritech Inc, Singapore Telecom Ltd, TeleDanmark A/S and three Belgian investors, says that consolidated net profit for 1996 rose 21% to the equivalent of $371m and that revenue rose 9.1% to $3.96bn. The company, which with the help of its investors is struggling to shake off a hard-won reputation of being just about the most obstructive and inefficient phone company in the developed world, says it expects to see further growth in its results, excluding extraordinary items, in 1997. The Belgacom group will continue efforts to improve its competitive position in view of total deregulation of the telecommunications market on January 1 1998, it added.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.