Orange said its revenue fell 4% year-on-year in the third quarter on a comparable basis to 10.16 billion euros, dragged down by a 5.6% decline in France and a 7.9% fall in Poland. In France, Orange's mobile services revenue fell 9.4% and in Spain 11.1% (all figures on a comparable basis). The only real bright spots were a 11.5% rise in fixed service revenues in Spain and a 3.7% rise in overall revenues in Africa and the Middle East, which now accounts for approximately one tenth of group revenue.
Still, Orange continues to invest. It said capex in the first nine months of the year is up 2.6% at 3.75 billion euros (12.2% of revenues). Orange Chairman and CEO Stéphane Richard said: "I would like to highlight our investment initiatives, especially in 4G and fibre, which place Orange in an ideal position in these crucial growth sectors.” source: Orange presentation
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