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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
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 plans to offer Netflix video streaming services from November this year, according to the company’s CEO Stephane Richard.
A summary of the week’s biggest telecoms news stories.
Orange is targeting growth in Spain and is looking at potential acquisitions in the country, according to the company's CEO.
French operator Orange has reached a deal to acquire fixed-line company Jazztel in a bid to bolster its position in the Spanish market.
Orange has said there is an urgent need for consolidation in France and a move could be made in the coming weeks.