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Competition, regulation to weigh on Belgacom profits in 2013
March 1, 2013 / 6:16 AM / in 5 years

Competition, regulation to weigh on Belgacom profits in 2013

BRUSSELS, March 1 (Reuters) - Belgian telecoms group Belgacom said on Friday it expected its core profit to fall by between 4 and 6 percent in 2013, caused by increased competition in the Belgian market and regulatory caps on charges.

The group reported a 6.7 percent fall in 2012 core profits to 1.784 billion euros ($2.35 billion), below the average 1.796 billion euros expected in a Reuters poll of 12 analysts. ($1 = 0.7649 euros) (Reporting by Robert-Jan Bartunek)

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