3/4/2009 11:07:00 AM
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.
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.
results will be revealed today (4 March).