Orange (formerly France Telecom) said its revenues fell 4.8% year-on-year on an organic basis in the second quarter of 2013 to 10.32 billion euros. That is an even steeper decline than in the first quarter when revenues were down 4.1%. In Poland, revenues were down 9.9% and in France 7.5%, partially offset by a 2.5% rise in Spain and a 4.4% rise in emerging markets.
Despite the revenue decline, Orange has slightly increased capital spending in the first half of the year. CEO Stéphane Richard said: “ We are maintaining the roll out of our high-speed fibre and 4G networks and are seeing real appetite for very high-speed broadband from our customers who are showing a willingness to pay a premium to access these services." source: Orange presentation