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20 February 2013
| Laura Hedges
France Telecom’s net profit plummeted from €3.8 billion in 2011, to €820 million last year in part due to a €1.84 billion impairment charge in three international markets.
The French operator faced the charge on goodwill and assets
in 2012 for its operations in Poland, Egypt and Romania.
"We've seen risks intensify in some of our geographies, so
Orange plans to offer Netflix video streaming services from November this year, according to the company’s CEO Stephane Richard.
Orange has today announced the co-opting of Mouna Sepehri as a director of the board, following a proposal from the committee for governance and social & environmental responsibility (CGRSE).
It is incumbent on the board to act when shareholder value is at risk. But greater visibility, understanding and collaboration are necessary when fraud or cybersecurity are concerned.
Orange is targeting growth in Spain and is looking at potential acquisitions in the country, according to the company's CEO.
A summary of the week’s biggest telecoms news stories.
French operator Orange has reached a deal to acquire fixed-line company Jazztel in a bid to bolster its position in the Spanish market.