Despite an estimated 1.7% decline in GDP in the countries in which France Telecom-Orange operates, the group reported a 0.4% rise in revenues on a like-for-like basis in the first quarter of 2009 to 12.69 billion euros. Capital spending fell 16% to 1.23 billion euros as the group cut back investment in Poland and Romania in particular.
Despite a significant slowdown in the first quarter in Eastern Europe and parts of Africa, the Paris-based group re-confirmed its forecast of 8 billion euros in organic cash flow for 2009.
France Telecom reported a 80% year-on-year increase in "3G mobile broadband customers" to almost 21 million as of March 31, 2009, but mobile data revenues grew much more slowly. In the U.K., for example, revenues from data services increased 3% in the first quarter of 2009 despite an 82% rise in mobile broadband customers to 3.82 million. source: France Telecom statement