Wednesday, February 22, 2012
France Telecom Grapples with Uncertainty
France Telecom-Orange said its revenues fell 1.7% year-on-year on a comparable basis to 11.43 billion euros in the fourth quarter of 2011, dragged down by a 4.1% decline in both France and Poland. The unrest in Egypt and the civil war in Ivory Coast also hit the Paris-based group. However, in Spain, revenues were up 5% year-on-year to 1.01 billion euros in the fourth quarter.
France Telecom-Orange Chairman and CEO Stéphane Richard said. "Having acquired a foothold in Iraq and the Democratic Republic of Congo this year, the group now serves more than 226 million customers around the world. We are conscious that the macro-economic and competitive context in 2012 remains uncertain." source: France Telecom-Orange statement
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