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General

France Telecom H1 profits lower, to sell Swiss operations

Thursday 28 July 2011 | 09:00 CET | News
France Telecom reported first-half revenues of EUR 22.57 billion, up 1.9 percent from a year earlier thanks to takeovers. On a comparable basis, revenues fell 1.3 percent, hurt by regulatory effects. Comparable sales were down 2.3 percent in its home market France, 4.3 percent in Poland and 1.6 percent in Enterprise services, but improved 4.1 percent in Spain. The company said it was also hurt by difficult market conditions in Africa, especially Egypt and Cote d'Ivoire, and the increase in VAT on TV services in France. The operator's adjusted EBITDA fell 2.2 percent to EUR 7.61 billion, and

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Categories: General
Companies: Everything Everywhere / France Telecom / Orange
Countries: Africa / Europe / France
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