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February 10, 2016 8:38 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

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 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.

Budget Telecom Announces Revenues Results for the Second Quarter of 2015

Budget Telecom announced revenues results for the second quarter of 2015. For the quarter reached revenue of EUR 3.9 million, up from the EUR 1.93 million in the first quarter when the company pulled out of unprofitable B2B and B2C international telecom services.

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