Revenues and profits fall at Bouygues Telecom

29 Aug 2012

French operator Bouygues Telecom has posted revenue of EUR2.68 billion (USD3.4 billion) for the first six months of 2012, a 7% drop year-on-year reflecting the introduction of new price plans and a smaller mobile subscriber base. Sales from the company’s fixed broadband services were up 40%, albeit from a relatively low starting point. Operating income came in at EUR148 million compared with EUR331 million from the corresponding period last year following higher costs and amortisation expenses. The company lost a net 379,000 mobile subscribers in the first quarter of 2012 in the wake of the launch from new low cost provider Iliad Mobile. Bouygues was able to stem the customer losses in the second quarter, with a drop of only 71,000. In the fixed broadband market Bouygues added 70,000 subscribers to take its broadband subscriber base to 1.4 million at 30 June.

France, Bouygues Telecom