France Telecom-Orange said its revenues fell 1.8% on a comparable basis in the first quarter of 2012 to 10.92 billion euros. It blamed regulation for most of that fall, but revenues in its home mobile market were also dragged down by competition from Free, a new entrant.
Capital spending in the first quarter was up 2.2% year-on-year to 1.07 billion euros, as the group said it is accelerating LTE investments in France - the first pilot (in Marseilles) is scheduled to go live in June 2012. source: FT-Orange presentation
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