France Telecom to lower dividend in 2012, 2013

Thursday 25 October 2012 | 08:38 CET | News
France Telecom-Orange has warned of further pressure on cash flow next year and cut its dividend for 2012 and 2013. The operator said it sees an operating environment more difficult than initially expected in 2013, due to the difficult macro-economic outlook, strong competition in the French mobile market and continued regulatory pressure. While annual operating cash flow is expected to remain over EUR 7 billion, the company targets a reduction in the net debt-to-EBITDA ratio to around 2 by the end of 2014. With cash needed to invest, such as the EUR 2 billion planned for FTTH in France, the

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