Thursday, April 25, 2013
Dogfight for Orange in France
France Telecom-Orange said its revenues fell 4.1% year-on-year on a comparable basis in the first quarter to 10.28 billion euros. It blamed 2.3 percentage points of that decline on regulation.
Mobile service revenues fell 8.1% in France and 9.7% in Poland as competition intensifies. The Paris-based group is responding by increasing capital spending. Capex was up 6.5% year-on-year to 1.15 billion euros in the first quarter, as the group accelerates the rollout of LTE and fibre in France. source: FT presentation
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