France Telecom reveals three year plan

France Telecom reveals three year plan

 

Orange parent France Telecom has unveiled a three-year strategy to reduce costs and investments, while maintaining cashflow amid the economic downturn. The plan is called Orange 2012.

  

 

The operator is aiming to reduce costs and investments by EUR 1.5bn over the period, while maintaining cash flow at the 2008 level of EUR 8bn per year.

  

 

The company said its priorities over the next three years would be to simplify customer experience, increase company agility and optimise costs to ensure a sustainable performance. It will maintain investments at 12 to 13% of revenues during the period.

  

 

Orange added 4.2 million new customers during the fourth quarter of last year, excluding MVNOs, of which three million were in emerging markets and 700,000 in France. The number of mobile broadband users grew by 70% in 2008 to 26.7 million.

  

 

Orange UK results will be revealed today (4 March).

 

Written by Mobile Today
Mobile Today

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