Tuesday, April 29, 2014
Revenue Decline Slows for Orange
Orange said its consolidated revenues fell 3.8% on a comparable basis in the first quarter of 2014 to 9.8 billion euros. The Paris-based operator said: "Excluding the impact of regulatory measures, the decrease was 3%, an improvement of 0.8 percentage points compared to the 4th quarter 2013 figure, which primarily related to France and the Enterprise segment."
In France, Orange's revenue decline slowed to 4.9% after falling 6.2% in the fourth quarter of 2013, while in Spain, growth (+3.2%) was slightly higher than in the 4th quarter of 2013 (+2.7%), led by mobile handset sales on instalment payment plans and by fixed services.
In the first quarter, Orange's capital spending was 1.16 billion euros - 11.8% of revenues (+0.6% percentage points compared to the first quarter of 2013 on a comparable basis) as Orange upped spending on high speed fixed and mobile broadband. source: Orange statement
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