TMT : TMT BI MONTHLY: more staff cuts in the TMT sector

Given the constant efforts to lower cost structures , the sector’s average EBITDA should improve slightly in the two coming years. As suggested by the recent announcements of further staff cuts by Proximus and Vodafone , there will be no let-up in these efforts . Given the maturity of the sector (both fixed-line and mobile telephony), tightening control over marketing and IT costs and optimising distribution networks will remain priorities as operators look to further improve their EBITDA margins .