Thursday, October 27, 2011
France Telecom Fights Slowdown
France Telecom said its revenues fell 2.1% year-on-year, on a comparable basis, in the third quarter to 11.28 billion euros. The Paris-based company said regulation cost it 188 million euros in revenue for the quarter, but it also acknowledged that it has seen an "anticipated slowdown".
France Telecom said its mobile data revenues climbed 14% year-on-year, boosted by a doubling in the number of smartphones on its networks to 14.2 million. source: France Telecom presentation
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