April 25, 2017 3:24 AM ET

Diversified Telecommunication Services

Company Overview of Budget Telecom S.A.

Company Overview

Budget Telecom S.A. provides telecommunication services in France. It offers services in the areas of ADSL, fixed telephony, mobile telephony, corporate telephony, and energy. The company provides telephony packages for mobile Internet access under the Teleconnect brand. Budget Telecom S.A. was founded in 1999 and is headquartered in Montpellier, France.

52 Rue D'Odin

CS 40900

Cedex 2

Montpellier,  34965

France

Founded in 1999

40 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 Reports Earnings Results for the Full Year of 2015

Budget Telecom reported earnings results for the full year of 2015. For the period, the company reported net loss of EUR 7.69 million compared to EUR 965,000 in 2014. Revenue declined 14.5% to EUR 8.2 million.

Budget Telecom Announces Earnings Results for the First Half of 2015

Budget Telecom announced earnings results for the first half of 2015. For the period, the company reported a EUR 3.92 million turnover in the first half compared to EUR 5.03 million in the first half of 2014. The 22% decline is mainly attributed to the company ceasing its B2B and international B2C business. Excluding these activities, revenue declined by 9% compared to the first half of last year. The lower sales were partially offset by a return to growth in wireline operations, up 15% on last year. Budget Telecom made a EUR 1.78 million operating loss in the first half, compared to a EUR 62,000 operating profit a year ago. It recorded a EUR 1.76 million net loss versus a EUR 102,000 net profit in the first half of 2014.

Budget Telecom Announces Executive Changes

Budget Telecom S.A. promoted COO Vincent Maillard to CEO, replacing Eric Berthaud, to pursue its focus and investment in high margin activities such as its Qinergy energy efficiency solutions.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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