FT files first quarter financials

28 Apr 2005

Former monopoly operator France Télécom (FT) has reported that its total revenues for the first quarter of 2005 rose to EUR11.6 billion, up 3.5% from the corresponding period last year on an actual basis and 1% on a pro forma basis. Arguably the most impressively performing segment was FT’s broadband unit, whose customer base grew 91% across Europe, while in its domestic market the French telco took a 49% share of new ADSL customers in the quarter. FT’s wireless holdings – primarily via wholly owned subsidiary Orange – also saw strong customer growth, with the total number of customers managed by the group climbing 14% in the quarter to reach 64.3 million. Capital expenditure in the quarter went up by 29% as a result of increased deployment of fixed line broadband and EDGE for wireless networks. FT eventually intends to provide 85% EDGE coverage of the French population; W-CDMA and/or EDGE offerings are planned for mid-2005 at the latest for the other European countries in which Orange is present.

France, Orange Group