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: Where's the real value in Tesla's patent pledge?

add to favorites email to friend print save as pdf

Related Stories

Softbank reports robust earnings on smartphones

May 09, 2011

(AP) -- Softbank Corp., the only Japanese mobile carrier offering the hit iPhone, said annual profit nearly doubled despite suffering damage from the March 11 quake and tsunami that battered northeastern ...

The World Cup straight to your pocket

Jun 07, 2006

With the countdown well and truly under way to the biggest sporting extravaganza on the planet, a European research initiative is hoping the 2006 World Cup will kick-start its own plans to bring cross-media ...

Globe Talk: U.S., Europe still under pressure

Dec 30, 2005

The telecommunications industry continued to be cutthroat in 2005 worldwide, not least with SBC Communications buying out AT&T and Verizon expected to merge with MCI by early next year.

Bright nanotubes for telecom

Nov 23, 2005

Carbon tubes only nanometers or billionths of a meter in diameter could serve as ultra-bright light sources for telecommunications, IBM scientists told UPI's Nano World. Conventional solid-state light sources ...

Beyond Einstein: A live webcast from around the Globe

Nov 18, 2005

Thursday, December 1, 2005 from 12:00 to 24:00 CET CERN and the World Year of Physics International Steering Committee are partnering with some of the world's leading physics laboratories, science museums and technology pa ...

Recommended for you

Where's the real value in Tesla's patent pledge?

28 minutes ago

With the much-anticipated arrival next month of electric vehicle manufacturer Tesla's Model S to Australian shores, it's a good time to revisit Tesla's pledge to freely share patents. ...

Here's how you find out who shot down MH17

38 minutes ago

More than a month has passed since Malaysia Airlines flight MH17 crashed with the loss of all 298 lives on board. But despite the disturbances at the crash site near the small town of Grabovo, near Donetsk ...

Developers explore game experience for the blind

53 minutes ago

Wait, researchers are talking about a video game for the blind? Come again? Not impossible. Game designers, reports the BBC, have been working on bringing the game experience to the blind and those with vision ...

Apple's freshly sliced shares climb

2 hours ago

Freshly split Apple shares closed at a high on Tuesday, with investors evidently betting the California company will debut popular new gadgets, perhaps a smart watch and an iPhone 6.

User comments : 0