Thursday, July 26, 2012
FT Cranks Up Network Capex
France Telecom said its revenues fell 2.1% year-on-year on a comparable basis in the second quarter to 10.92 billion euros. The Paris-based group blamed 1.9 percentage points of the fall on regulation. Revenues were down 4.8% in France, but rose 2.5% in Spain.
France Telecom said its capex rose 1% on a comparable basis to 2.46 billion euros in the first half of 2012, adding "investment in networks, which represented 55% of the Group’s capex in the first half of 2012, rose 6% with the acceleration of strategic projects," such as the deployment of optical-fibre connections in France. source: France Telecom presentation
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