Orange reports 2.7% revenue increase for Q1 2012

6 Jun 2012

Orange Switzerland has reported a 2.7% year-on-year increase in revenues to CHF306 million (USD317.8 million) for the three month period ended 31 March 2012, the first quarter of operation since the telco was sold off by France Telecom (FT) to Apax Partners. Meanwhile, earnings before interest and tax (EBIT) were up 31% to CHF86.5 million. The company’s subscriber base totalled 1.62 million, with the proportion of post-paid subscribers increasing by one percentage point to 62.9%. Orange Switzerland’s CEO Thomas Sieber added that the company was sticking with its plans to invest CHF700 million over the next five years.

Switzerland, Salt (Switzerland)