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Earnings: France Telecom Sees Mobile Broadband Rise, Profit Fall

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imageFrance Telecom (NYSE: FTE) saw mobile broadband customers nearly double, year-on-year, to 21 million across Europe, as it reported an 18 percent operating profit drop to €2.7 billion ($4.21 billion) on 1.5 percent better revenue of €26.3 billion ($41 billion), partly affected by restructuring costs. UK data revenue rose 17.7 percent and now comprises almost a quarter of all network revenue; there, mobile broadband added 79 percent more customers at 2.4 million.

Broadband: France Telecom still isn’t seeing big gains from its at-home services like ADSL, with revenue there rising just 0.7 percent in the half-year to June, despite adding more than 500,000 European customers, taking it to 12.2 million. FT gained more from home services overall, up 1.8 percent to €11.3 billion, but that’s mainly down to the addition of Spanish ISP Ya.com and disposal of Orange’s Dutch ISP.

IPTV/VoIP: ADSL TV service got 76 percent more subs year-on-year, up to 1.54 million across Europe. And there are now 5.7 million VoIP customers, up 61 percent year-on-year.

Release | Webcast | Slides | Financials

Jul 31, 2008 6:39 AM ET

Posted In: Companies, France Telecom, Countries, Europe

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