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.