Tuesday, July 29, 2014
Orange feels the Squeeze
Orange reported a 3.4% year-on-year decline in revenues to 9.79 billion euros on a comparable basis in the second quarter. Mobile services revenue in France fell 9.5% and18.6% in Spain, but overall revenues in Africa and the Middle East climbed 9%.
Orange Group CEO Stéphane Richard said: “We’ve maintained our commercial momentum, despite a hyper-competitive environment, largely due to the investments we’ve made in very high-speed broadband, fibre and 4G. The quality of Orange’s fixed and mobile networks is widely recognised and this has allowed us to differentiate ourselves even more. It is clear that consumers are not just focused on price but are also sensitive to quality and service."
Orange said it increased capital spending by 3.1% in the first half of 2014 as it expanded the coverage of its LTE and fibre networks. source: Orange presentation
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