October 25, 2014 8:29 AM ET

Diversified Telecommunication Services

Company Overview of Budget Telecom S.A.

Company Overview

Budget Telecom S.A provides telecommunication services primarily in France, Spain, Italy, and Belgium. Its national general public offerings include fixed landline telephony and Internet access, and mobile telephony; international offering for communities comprise virtual phone card services, direct access via special numbers, and VoIP offerings; and iPhone, iPad, and Android, as well as broadband services. The company serves general public, foreigners residing in France, French and European expatriates, and professionals and small companies, as well as call shops, resellers, and service providers in France and internationally. Budget Telecom S.A was founded in 1999 and is based in Montpelli...

75 allée Jean Marie Tjibaou

CS 40900

Cedex 2

Montpellier,  34965

France

Founded in 1999

36 Employees

Phone:

33 4 99 77 21 40

Fax:

33 4 99 77 21 41

Key Executives for Budget Telecom S.A.

Budget Telecom S.A. does not have any Key Executives recorded.

Budget Telecom S.A. Key Developments

Budget Telecom Announces Earnings Results for the First Half of 2014

Budget Telecom announced earnings results for the first half of 2014. For the period, the company reported revenue down 36.8% to EUR 5.2 million, compared with EUR 8.2 million in the first half of 2013. The decrease, attributed to the company's withdrawal from less profitable sectors, included sales falling 50.3% in the B2C International segment and 78.8% in B2B (wholesale, value-added numbers). The B2C revenue declined by 21% to EUR 3.7 million. The operator's current operating profit declined to EUR 102,000 from EUR 581,000, while its net profit fell to EUR 102,000 from EUR 380,000.

Budget Telecom Announces Earnings Results for the Full Year of 2013

Budget Telecom announced earnings results for the full year of 2013. For the year, the company reported revenue down 30.9% to EUR 14.6 million in 2013, compared with EUR 21.15 million in 2012. The company was hit by a structural reduction in fixed communication prices, growth in alternative VoIP services and the appearance of new low-cost mobile operators. The company reported a EUR 492,000 operating profit in 2013, down from EUR 2.13 million a year earlier. Net profit declined to EUR 392,000 from EUR 1.58 million.

Budget Telecom Reports Earnings Results for the Fourth Quarter and Full Year Ended 2013

Budget Telecom reported earnings results for the fourth quarter and full year ended 2013. Revenues for the fourth quarter fell to EUR 2.9 million from EUR 4.4 million the year earlier on the back of strong competition, the structural decline of wireline communications, the development of alternative systems such as VoIP and the rise of new "low cost" operators. For the period, the company has posted revenue of EUR 14.6 million, a drop of 30.9% from the year before. The declines were particularly sharp in the B2B and B2C International segments but contained for B2C.

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