France Telecom-Orange said its revenues fell 3.2% year-on-year on a comparable basis in the fourth quarter of 2012 to 10.92 billion euros. Revenues were down 5.7% in France and 6.3% in Poland, but climbed 0.1% in Spain and 4% in Africa and the Middle East.
It forecast that unfavourable regulation will wipe another one billion euros off its group revenues in 2013, but said it is a "necessity to maintain high capex for all telcos to move towards next generation networks." In France, it is aiming to double its customer base for its fibre-to-the-home service from 176,000 at the end of 2012 and extend 4G (LTE) coverage to 30% of the population by the end of 2013. In Africa and the Middle East, the Paris-based group is aiming to increase its customer base for its Orange Money service to eight million, up from 5.6 million at the end of 2012. source: France Telecom presentation
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