African revenues surge for Orange

MEA region bucks global trend for French telecom group
Stephane Richard, CEO, Orange Group, warned of a tough year ahead.
Stephane Richard, CEO, Orange Group, warned of a tough year ahead.


French telecom giant, France Telecom-Orange, posted revenue growth of 4.6% from its MEA operations in the third quarter of the year, helping to offset a decline in revenue in Europe.

Growth in the telco’s MEA operations was led by Niger, Côte d’Ivoire and Egypt, where revenues surged by 33.9%, 20.9% and 2% respectively.

However, Orange’s group-wide performance was less impressive. It posted a 1.1% decline in overall consolidated revenues for the third quarter of the year, as prices for mobile services in France and other European countries declined.

In terms of subscriber numbers, Orange had 227.2 million customers at 30 September 2012, an increase of 3.1% year-on-year. The telco added 3 million customers in Q3.

Third-quarter restated EBITDA across the group was EUR 3.645 billion. The margin decline was 1.4%, reflecting a reduction in commercial expenses and the continuation of the Chrysalid cost savings plan.

Stephane Richard, CEO, France Telecom-Orange, said: “The Group delivered solid results for the third quarter enabling us to confirm our operational cash flow target for 2012. This was due to a decidedly improved commercial performance in France compared to the first half, as well as the contribution from Spain and countries in Africa and the Middle East which continue to drive the Group’s growth.

However, the CEO warned that operating cash flow would face downward pressure in 2013 due to the effects of a fourth player entering the French mobile market, and a tough “macroeconomic and regulatory environment”.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story