PARIS (Reuters) – Progress in Alcatel-Lucent’s efforts to end years of losses was eclipsed on Thursday by concerns over weaker demand for the telecom equipment maker’s core networking products and a potential slowdown in its vital U.S. market.
Alcatel posted quarterly sales largely in line with expectations and its operating margin improved. But its main listed competitors, Sweden’s Ericsson and Finland’s Nokia, both beat forecasts in the same period and forecast higher sales in the second half.
PARIS, July 31 (Reuters) – Telecom equipment maker
Alcatel-Lucent improved its margins in the second
quarter because of a cost-cutting programme and a boost from
higher sales of fourth-generation mobile gear in China and the
The Paris-based company, which competes with Sweden’s
Ericsson and China’s Huawei, confirmed its
objective of returning to positive free cash flow by the end of
2015, the key promise made in June 2013 by Chief Executive
Michel Combes for his turnaround plan.
PARIS (Reuters) – France’s broadcast regulator rejected applications from TF1, M6, and Vivendi’s Canal+ to shift three of their respective pay-television channels to free-to-air, dealing a setback to the companies.
The CSA regulator said in a statement on Tuesday that it based the decision largely on the fact that the advertising market remained weak and there were not enough marketing dollars to go around for free-to-air channels.
PARIS, July 29 (Reuters) – Telecoms operator Orange
has begun to see the fruits of investing in faster
fibre and mobile broadband networks in its key home market, as
its high-end focus insulates it from aggresively priced fixed
plans offered by rival Bouygues.
As it posted in line second-quarter results, France’s
largest carrier said that some 60 percent of new mobile
customers were signing up for high-end plans that include 4G and
that 50,000 new customers had signed up to its fibre broadband
offers, taking the total to 415,000.
PARIS, July 23 (Reuters) – European chipmaker
STMicroelectronics forecast revenue growth of about 3
percent in the third quarter, disappointing some analysts who
expected a bigger lift from strong global demand for
The Franco-Italian company gave the guidance after posting
second-quarter revenue and profit that met expectations, driven
by sales of chips for cars and industrial products.
PARIS (Reuters) – French advertising agency Publicis warned it would be “very difficult” to meet its annual target of 4 percent organic sales growth after a second-quarter slowdown caused in part by the failure of its planned merger with Omnicom in May.
Publicis said on Tuesday its second-quarter sales fell 1.76 billion euros ($2.5 billion) from 1.79 billion a year earlier, missing an analysts’ forecast of 1.88 billion euros, according to Thomson Reuters I/B/E/S.
PARIS, July 9 (Reuters) – Vivendi’s pay-television
operator Canal Plus is seeking to expand in Africa with the
launch in October of a new French-language channel aimed at a
growing middle class.
Dubbed A+, the entertainment channel will be included in
subscriptions sold for about 7 euros a month in Canal Plus’
roughly 30 markets in central and west Africa.
PARIS (Reuters) – France plans to ban individuals linked to radical Islamist groups from leaving the country in a bid to prevent attacks by militants returning from the Middle East, according to a draft bill set to be unveiled on Wednesday.
France has seen a sharp rise this year in citizens going to join Islamic militants in Syria and now Iraq.
PARIS, July 2 (Reuters) – France’s biggest telecom operator
Orange has ruled itself out of bidding for smaller
rival Bouygues Telecom, causing share prices across
the sector to drop on the prospect of the cut-throat competition
A price war sparked by low-cost player Iliad’s
arrival to the mobile market in January 2012, has resulted in
open talk of consolidation in recent months. Third-place mobile
carrier Bouygues has become a target after losing out in a
bidding war in April to buy bigger rival SFR to cable
PARIS (Reuters) – Former French President Nicolas Sarkozy was placed under formal investigation on Wednesday, the prosecutor’s office said, on suspicions he tried to use his influence to thwart an investigation of his 2007 election campaign.
The step, which often but not always leads to trial, is a major setback to Sarkozy’s hopes of a comeback after his 2012 election defeat by Socialist rival Francois Hollande. The conservative politician denies all wrongdoing in a string of investigations in which he is either directly or indirectly implicated.