Mobistar "hold"

03/09/07 - ING Financial Markets

LONDON, March 9 (newratings.com) - Analyst Nicolas Saillez of ING Financial Markets maintains his "hold" rating on Mobistar SA (MOS). The 12-month target price is set to €68.

In a research note published this morning, the analyst mentions that the company has altered its ADSL strategy and will henceforth focus on existing mobile customers and stop external marketing campaign in order to cut costs. Mobistar is likely to launch a VoIP over broadband solution before the end of the year, the analyst says. The company is expected to further develop its multimedia and content offering to hike up the data percentage in its ARPU, ING Financial Markets adds.