France Telecom Orange saw revenue and profit fall in the third quarter as the company’s CEO shuffled the board.

Revenue fell 2.1 percent to €11.3 billion when compared to the same period last year. Profit dropped 5.2 percent to €4 billion.

Geographically, the only bright spot was Spain, which registered a 4.8 percent rise over the quarter – the only area to do so.

The group now has 221 million customers worldwide and pointed to a rise in both mobile and fixed customers compared to 2010.

Capex also rose over the quarter due to FTTH rollout in France, subsea cable programmes and mobile network deployments in Africa.

“The results for the third quarter continued the solid performance seen in the first half and highlight the resilience of the Group against a backdrop that remains challenging,” said chairman and CEO Stéphane Richard.

At Richard’s request, Gervais Pellissier has been appointed CEO delegate. Pellissier will retain his position as director of the group’s Finance and Information Systems.

Delphine Ernotte Cunci, Pierre Louette and Bruno Mettling were also appointed as new deputy CEOs.

More News

Telekom Austria wins VimpelCom signalling contract Telekom Austria wins VimpelCom signalling contract Telekom Austria’s Wholesale arm has won a contract with VimpelCom to provide signalling services to its Amsterdam-based rival.  More detail
Telefónica Germany to axe 1,600 jobs following E-Plus merger Telefónica Germany to axe 1,600 jobs following E-Plus merger Telefónica Germany is to cut 1,600 jobs following the acquisition of E-Plus from KPN.  More detail
European Communications website gets a new look European Communications website gets a new look European Communications has refreshed its website and introduced new features as it looks to improve its coverage of the telecoms industry.  More detail
TeliaSonera to continue fibre investments in Europe as revenues rise TeliaSonera to continue fibre investments in Europe as revenues rise TeliaSonera CEO Johan Dennelind said that the operator will continue to plough investment into its fibre rollout after announcing growth in Sweden and Europe in its third quarter results.  More detail
Internal reorganisation sees Telefónica refocus key big data project on transport Internal reorganisation sees Telefónica refocus key big data project on transport Telefónica is focusing on transport as a key vertical for its Smart Steps big data initiative following an internal reorganisation this year.  More detail
@eurocomms
eurocomms
.@TA_Group wins VimpelCom signalling contract: http://t.co/9xJSKCjo5E http://t.co/ILA1edszv6
eurocomms
RT @mobileeurope: . @huawei, @KPN and China Mobile hold first Europe-Asia VoLTE call http://t.co/E3QKZl445P http://t.co/5KOL9pMuos
eurocomms
Telefónica Germany to axe 1,600 jobs following E-Plus merger: http://t.co/zxTZY1rbrJ http://t.co/JDap5WWagK