France Telecom said its revenues fell 1.4% year-on-year on a comparable basis to 11.23 billion euros in the first quarter of 2011. Excluding the impact of regulatory measures, the Paris-based company said its revenues would have climbed 0.4%, as its total group customers rose 7% to 215.9 million.
The company's mobile revenues increased 5.9% in France, 7% in Spain, 4.5% in Poland and 5.8% in Africa and the Middle East, excluding Egypt. France Telecom said its capex was equal to 9.6% of revenues, representing 1.08 billion euros in investments, in the first quarter, "in line with the target capex rate of about 13% for the year." source: France Telecom statement
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