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General

France Telecom sets tough goal to double emerging markets revenue

Wednesday 31 March 2010 | 17:08 CET | Author: Nick Spiro | Market Commentary
France Telecom-Orange's ambition to double its turnover in emerging countries over the next five years is unlikely to be fulfilled through organic growth or piecemeal acquisitions alone. In 2009, the operator turned over EUR 3.8 billion in Africa and the Middle East, showing a 19 percent CAGR from EUR 1.5 billion in 2004. The group's customer base in Africa and the Middle East grew by a 46 percent CAGR to 42.5 million customers, versus 6.4 million in 2004. But in 2009, Orange only added EUR 150 million of new revenues in these regions, or a 5.2 percent increase on EUR 3.21 billion in 2008. So

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Categories: General
Companies: France Telecom / MTN / Orange
Countries: World
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