Thursday, March 6, 2014
Orange Frazzled in France
Orange said its revenues fell 5.1% year-on-year, on a comparable basis, in the fourth quarter of 2013 to 10.22 billion euros. The decline was steeper than the 4.5% fall across 2013 as a whole. The company said that more than 40% of the revenue decline was due to regulation, while it was also hit by heightened competition in France: Orange reported a 12% year-on-year decline in mobile services in France in the fourth quarter.
Orange said it spent 5.63 billion euros in capex in 2013 - 13.7% of revenues, an increase of 0.4 percentage points compared to 2012 on a comparable basis. The Paris-based company said: "This investment strengthens the Orange Group's position as a leader in the field of telecommunication networks, in particular with investments in high-speed fixed and mobile broadband (4G, fibre and VDSL) which doubled compared to 2012." source: Orange statement
WHERE WE'RE HEADED: TELECOMS TRENDS AROUND THE WORLD: SUBSCRIBE HERE