France Telecom said it is aiming to achieve compound annual revenue growth of 0.6% in the period from 2011 to 2013. During that timeframe, the group expects to spend around 18.5 billion euros in capex, including 1 billion euros for fiber deployment in France. In the 2013 to 2015 "conquest phase", France Telecom expects compound annual revenue growth of 2.7% and capex to fall from 12% of revenues to 11% of revenues.
Stéphane Richard, Chairman and CEO of France Telecom-Orange, said: “Our Conquests 2015 business plan now moves into an adaptation phase that is preparing the ground for a subsequent, even more decisive conquest phase..... we will be able to capitalize on a number of positive factors between now and 2015. These include the economic outlook in the countries in which we operate, an increasingly favorable regulatory environment, the quality of our networks, strategic new growth opportunities that we have identified, as well as our new strategy for building partnerships with other players in the digital ecosystem.” source: France Telecom statement