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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
Stephane Richard, CEO at Orange, told reporters today that he expects BT to make a decision on whether to bid for EE or O2 before this Christmas.
Orange plans to offer Netflix video streaming services from November this year, according to the company’s CEO Stephane Richard.
Orange is targeting growth in Spain and is looking at potential acquisitions in the country, according to the company's CEO.
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.
A summary of the week’s biggest telecoms news stories.