France Telecom reels, plans counterattack

Jan 12, 2006

France Telecom shares were battered Thursday after it announced it would miss revenue forecasts due to increased competition from Internet telephony.

The company said in a news release the previous day that it would announce its plans in February to accelerate deployment of NEXT, its 2005 strategy to expand broadband DSL deployment.

The company said it had "decided to accelerate its transformation, notably rolling out programs to simplify its brand portfolio, setting up an integrated network and customer relations structure in each country and creating a 'techno-center' to enable the Group to rapidly and coherently develop convergent solutions."

The élan, however, didn't seem to mollify tech investors spooked by the company's prediction that 2005 revenue growth would be around 2 percent or 3 percent rather than the 3 percent or 5 percent predicted earlier.

France Telecom fell nearly 9 percent in heavy trading Thursday while analysts nervously watched other European telecoms for signs of weakness.

Copyright 2006 by United Press International

Explore further: Survey: Harassment a common part of online life

add to favorites email to friend print save as pdf

Related Stories

MasterCard, Zwipe announce fingerprint-sensor card

15 hours ago

On Friday, MasterCard and Oslo, Norway-based Zwipe announced the launch of a contactless payment card featuring an integrated fingerprint sensor. Say goodbye to PINs. This card, they said, is the world's ...

Plastic nanoparticles also harm freshwater organisms

17 hours ago

Organisms can be negatively affected by plastic nanoparticles, not just in the seas and oceans but in freshwater bodies too. These particles slow the growth of algae, cause deformities in water fleas and impede communication ...

Atomic trigger shatters mystery of how glass deforms

17 hours ago

Throw a rock through a window made of silica glass, and the brittle, insulating oxide pane shatters. But whack a golf ball with a club made of metallic glass—a resilient conductor that looks like metal—and the glass not ...

Recommended for you

Government ups air bag warning to 7.8M vehicles

38 minutes ago

The U.S. government is adding more than 3 million vehicles to a rare warning about faulty air bags that have the potential to kill or injure drivers or passengers in a crash.

Fighting cyber-crime one app at a time

1 hour ago

This summer Victoria University of Wellington will be home to four Singaporean students researching cyber threats. The students have been working with Dr Ian Welch, a lecturer in Victoria's School of Engineering and Computer ...

Using sound to picture the world in a new way

1 hour ago

Have you ever thought about using acoustics to collect data? The EAR-IT project has explored this possibility with various pioneering applications that impact on our daily lives. Monitoring traffic density ...

User comments : 0