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

Telefónica partners with Subex to offer fraud management service Telefónica partners with Subex to offer fraud management service Telefónica’s cyber security unit ElevenPaths has signed up Subex to help it offer a new fraud management as a service (FMaas) solution. More detail
Vodafone CEO trials consumer IoT offering ahead of launch later this year Vodafone CEO trials consumer IoT offering ahead of launch later this year Vodafone has committed to launching a consumer IoT offering after the summer, with the solution being personally trialled by the Group's CEO. More detail
Telia to cut 850 jobs as it registers Q2 loss Telia to cut 850 jobs as it registers Q2 loss Telia’s CEO has promised "vital" job cuts in Sweden as the operator plunged into the red in the second quarter. More detail
Tele2 ups EBITDA guidance as Q2 profits, sales increase Tele2 ups EBITDA guidance as Q2 profits, sales increase Tele2 has raised its full-year EBITDA guidance as 2017 continues to be a profitable year for the operator. More detail
VEON rolls out mobile internet platform to four new markets VEON rolls out mobile internet platform to four new markets VEON has launched the latest version of its mobile internet platform in four new markets, as it continues its reinvention as a digital services company. More detail
    

@eurocomms