[Résultats] France Telecom hit by the price war in the mobile

by bold-lichterman

Yesterday, France Telecom unveiled its financial results for the entire fiscal year 2012. In difficulty, the operator reported a 2.7% decline in its turnover to € 43.5 billion. Its net profit was divided by 5 to € 820 million.

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To cope with this difficult context, fueled by the price war in mobile phones which is expected to last in 2013, the group intends to pursue a cost reduction policy. Thus, “by 2015, France Telecom should have some 7,000 fewer employees in France. And 30,000 retirements are planned until 2020, out of 100,000 employees in France ”, specifies the daily Les Echos.

In addition, the operator intends to strengthen its investments in optical fiber and 4G in order to retain its customers. “In 2012, France Telecom spent more than € 300M on these two technologies”, recalls Le Monde.