France Telecom-Orange has reported a 0.5% fall in revenues in full year 2011 to EUR45.28 billion (USD59.96 billion), down from EUR45.50 billion in 2010. The firm said that turnover would have been stable year-on-year had it not been for the negative effects of regulatory measures. Restated earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped 4.8% from EUR15.85 billion to EUR15.08 billion on a comparable basis. Net income attributable to shareholders stood at EUR3.89 billion, down from EUR4.88 billion a year before. Capital expenditure (CAPEX) increased 3.3% year-on-year on a comparable basis to EUR5.77 billion. Net debt was EUR32.33 billion at 31 December 2011, up from EUR30.89 billion twelve months earlier, but an improvement on the end-2009 figure of EUR32.53 billion.
The Orange Group claimed an 8% rise in total customers during the year to stand at 226.3 million by end-December 2011. Customer numbers were boosted by both organic growth – especially in mobile services in Africa and the Middle East – and through new operations in Iraq and the Democratic Republic of Congo. There were 167.4 million mobile customers at end-2011, including 74.6 million in Africa and the Middle East, while fixed broadband subscribers numbered 14.4 million, up 5% from end-2010.