Welcome to the summary of A1 results for the third quarter and the full year 2024. The year marked a number of strategic and operational highlights. We set a major milestone in executing our strategy. With Serbia becoming convergent, we now offer fixed-line products across all our seven core markets. We continue our journey by the implementation of a C ompetence Delivery Center in order to harmonize tools, processes, and systems. We already have more than 1,000 colleagues working in this setup. Both in Q4 and the full year, we deliver another set of encouraging results. This is the result of our continuous focus on driving digitalization, ensuring relevance to our customers, and providing an excellent customer journey. We expanded both our fixed-line and mobile customer base. In 2024, total revenues grew by 8% in the fourth quarter and by 3% in the full year.
Service revenues benefited from value-protecting measures, strong demand for our ICT services, as well as high-speed broadband and TV products. We have seen a lot of progress in cross and upselling our customer base beyond the core, like security, insurance, and streaming products. These offers are becoming an essential part of our value proposition, enhancing customer experience and increasing revenue per user. Despite cost pressure, especially on the workforce, we managed to increase EBITDA by 7% in the quarter and by 5% in the full year. Our strong ESG efforts have recently been recognized by Sustainalytics, ranking us in the top five of over 200 telecom companies worldwide. Leveraging our strengths, we will focus on excelling in our core business and growing our B2B digital services. At the same time, we will reallocate resources to invest in the market, enhance efficiency, and establish a future-ready position.
Therefore, for 2025, we expect total revenues to increase by 2% to 3% and CapEx before a spectrum of around €850 million. Given the solid 2024 results and the outlook for 2025, the Management Board proposes increasing the dividend per share from €36 to €40. We currently deliver a 5% dividend yield. Finally, we sincerely thank our business partners for the excellent collaboration, our customers for their trust and loyalty, and our employees for their dedication throughout the year. Together, we will continue on our growth path by constantly anticipating how we can stay relevant for our customers.