Hit by regulatory price controls and the weak European economy, France Telecom said that its revenues fell almost 4% year-on-year, stripping out the impact of currency movements, to 12.69 billion euros in the third quarter of 2009. Revenues fell 10% in Poland, 7% in the U.K., 5% in Spain, but just 1% in France.
In most of the countries where France Telecom's mobile unit, Orange, operates, falls in voice revenues were partially offset by rising data revenues. As of September 30, Orange had 6.86 million 3G mobile broadband customers in France, a 64% increase year-on-year, and 4.72 million 3G mobile broadband customers in the U.K., also up 64%.
The Paris-based company cut capital spending by almost 17% year-on-year to 1.2 billion euros in the quarter. source: France Telecom statement
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