Net loss of € 14 million for Bouygues Telecom

by bold-lichterman

Bouygues Telecom, a subsidiary of the Bouygues group which today unveiled its results for the 2012 financial year, recorded a net loss of € 14 million, against a profit of € 331 million a year earlier.

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The mobile telephone operator saw its turnover decrease by 9% in 2012 to reach € 5.2 billion.

Bouygues Telecom also claims 11.3M customers and explains these results by a difficult context with the arrival of Free on the mobile telephony market in January 2012. We can nevertheless note a 51% increase in network turnover. Fixed Broadband which reached € 627M.

In general, the Bouygues group recorded a 3% increase in its turnover in one year to reach € 33.5 billion. However, its net income fell by 41% to € 633m.

As a reminder, to face its financial difficulties, Bouygues Telecom confirmed last July a voluntary departure plan for 556 positions out of 9,800 employees, during a Central Works Council. Last November, the operator also sold to Antin Infrastructure Partners 2,166 pylons, for 205M €. This transaction would allow Bouygues Telecom to draw € 185M in net proceeds, which will be used in particular for investment and debt reduction.