Telenet Group Holding NV, the Belgian cable operator controlled by Liberty Global Inc., plans to buy back as much as 724 million euros ($889 million) of its own shares in an operation funded by debt and ruled out making a bid for Royal KPN NV’s Belgian mobile-phone unit.
Barco NV, the Belgian maker of digital cinema projectors, rose to a two-month high in Brussels trading as a recovery in second-quarter revenue growth allayed some concerns that slowing cinema sales may hurt profit.
Telenet Group Holding NV , the Belgian cable operator controlled by John Malone ’s Liberty Global Inc., raised its forecast for cash generation and will add to borrowings to accommodate future shareholder payouts.
Belgacom SA , the largest telephone company in Belgium, said it will maintain its dividend next year even as earnings may drop as much as 2 percent and resumed buybacks after quarterly earnings beat analyst estimates.
Option NV , the unprofitable Belgian modem maker, will drop its anti-dumping and anti-subsidy complaints against Chinese vendors after Huawei Technologies Co. agreed to take a software license and buy an Option unit.
Mobistar SA, Belgium’s second- biggest mobile-phone company, reported second-quarter profit that beat estimates after almost reaching its full-year goal for savings and lowering a provision for payments to Belgacom SA.
Mobistar SA , Belgium’s second-biggest mobile-phone company, forecast profit will decline this year and cut its dividend because of regulatory cuts in the rate it charges other operators to handle calls on its network.
Agfa-Gevaert NV, Europe’s biggest maker of health-care imaging systems, rose the most in five months in Brussels after a surprise increase in health-care revenue and cash generation eased concern about loan covenants.
Mobistar SA, Belgium’s second- biggest mobile-phone company, reported profit that missed analyst estimates as payroll costs and network depreciation rose and forecast a larger impact from roaming regulation.
Agfa-Gevaert NV , Europe’s biggest maker of prepress products, said first-quarter profit fell 72 percent on higher raw-material costs and reported revenue that missed estimates as customers bought fewer film products.