France Telecom Orange registers Q3 falls

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

Russia’s MTS launches cloud services for big business Russia’s MTS launches cloud services for big business MTS has unveiled a new cloud offering for large enterprises in Russia. More detail
Bouygues Telecom aims high in bid to boost FTTH subscriber base Bouygues Telecom aims high in bid to boost FTTH subscriber base Bouygues Telecom has signed a deal to start providing a FTTH service in partnership with Altitude Infrastructure. More detail
Telekom Austria makes first investment in startup from its own incubator Telekom Austria makes first investment in startup from its own incubator Telekom Austria has made its first investment in a company fostered by its start-up program. More detail
Virgin Media hands control of revenue management to Netcracker Virgin Media hands control of revenue management to Netcracker Virgin Media has signed a managed services deal with Netcracker as it looks to overhaul its BSS. More detail
Deutsche Telekom sends execs back to school to boost digital leadership Deutsche Telekom sends execs back to school to boost digital leadership Deutsche Telekom has teamed up with an American business school to improve the digital skills of its managers. More detail
    

@eurocomms