Mobistar covers one third of the Belgian mobile market, while Telenet covers a third of the Belgian broadband market," Saelens said, explaining that a combination would create a strong Belgian telecoms player.
"The combined group would certainly create big headaches for Belgacom (BCOM.BR: Quote, Profile, Research) (Belgium's dominant telecom operator)," he said, adding however that a deal was not expected in the short term. France Telecom (FTE.PA: Quote, Profile, Research), which has a majority stake in Mobistar, has shown no sign that it wants a deal, and cable operator Liberty Global (LBTYA.O: Quote, Profile, Research), the main owner of Telenet, has been quiet about its intentions as well, Saelens said.
Mobistar raised its 2006 revenue growth forecast on Thursday from 5 percent to 6 percent because of a third-quarter jump in its customers.
The company said it had gained 61,187 new customers in the third quarter for a total of 3,080,695 active mobile customers -- up from 2,886,739 at the same time last year.