Senior Staff Photographer/Editor, Toronto, Ontario
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Feb 27, 2015

Vivendi will sell rest of SFR to Numericable, plans big share buyback

PARIS, Feb 27 (Reuters) – French media group Vivendi
said on Friday it would reward shareholders with a
share buyback and a generous dividend after agreeing to sell its
remaining stake in telecom group SFR to cap off two years of
asset sales.

Vivendi will sell 20 percent stake in Numericable-SFR to
billionaire Patrick Drahi for 3.9 billion euros ($4.36 billion),
who will carry out the purchase via his holding company Altice
and Numericable-SFR itself.

Feb 18, 2015

Telecoms tycoon seeks to buy out Vivendi from Numericable-SFR

PARIS (Reuters) – Billionaire Patrick Drahi is aiming to buy Vivendi’s 20 percent stake in Numericable-SFR (NUME.PA: Quote, Profile, Research) to strengthen his grip on France’s No.2 telecoms group and prepare for a possible next round of industry consolidation.

Drahi’s holding company Altice (ATCE.AS: Quote, Profile, Research) and its subsidiary Numericable-SFR said on Wednesday they had offered Vivendi 3.9 billion euros ($4.5 billion), or 40 euros a share, for the media firm’s stake.

Feb 17, 2015

Orange pledges to tame costs to keep 2015 dividend stable

PARIS, Feb 17 (Reuters) – Telecom operator Orange
predicted operating profit would fall slightly this year amid
continued tough competition in its key home market of France but
pledged to hold the line on costs to be able to deliver a stable
dividend.

The group has bet that better quality mobile and broadband
networks will help it ward off low-cost French rival Iliad
, as well as rejuvenated No. 2 player Numericable-SFR
, recently formed in a merger.

Feb 12, 2015

Publicis targets recovery after Omnicom deal breakdown

PARIS, Feb 12 (Reuters) – France’s Publicis
promised business would pick up in the second half of this year
as the advertising agency recovered from a tough 2014 marred by
a failed mega-merger with U.S. peer Omnicom.

It reported fourth-quarter organic sales growth of 3.2
percent on revenue of 2.15 billion euros ($2.4 billion), helped
by a rebound in emerging markets like Brazil and China, as well
as higher demand from advertisers across all sectors from cars
to consumer goods.

Feb 12, 2015

Advertising agency Publicis posts strong Q4, aims for recovery

PARIS, Feb 12 (Reuters) – France’s Publicis
promised business would pick up in the second half of this year
as the advertising agency recovered from a tough 2014 marred by
a failed mega-merger with U.S. peer Omnicom.

It also posted fourth-quarter organic sales growth of 3.2
percent on revenue of 2.15 billion euro, helped by a rebound in
emerging markets like Brazil and China, as well as better demand
from advertisers across all sectors from cars to consumer goods.

Feb 6, 2015

Alcatel-Lucent aims for improved margins, end of turnaround

PARIS, Feb 6 (Reuters) – Telecom equipment maker
Alcatel-Lucent pledged to lift profitability again
this year through cost cuts after six straight quarters of gross
margin improvements, and to list its submarine division in the
second half.

Chief Executive Michel Combes also expressed confidence on
Friday that the company would achieve the central pledge of his
turnaround plan which started in June 2013, namely to achieve
positive free cash flow by the end of this year.

Feb 3, 2015

Alcatel-Lucent woos new kinds of customers in race to prove itself

PARIS, Feb 2 (Reuters) – In the final year of his turnaround
plan, Alcatel-Lucent’s boss is pushing the telecom network gear
maker to diversify its customer base by selling Internet
equipment to large technology companies and multinational
corporations.

Chief Executive Michel Combes’ plan to put more emphasis on
so-called edge and core routers that direct traffic on the
Internet has allowed the company to set itself apart from
traditional mobile rivals Ericsson and Nokia
, and leads it into competition with U.S. networking
giant Cisco.

Jan 28, 2015

STMicro results leave investors waiting for currency boost

FRANKFURT/PARIS, Jan 28 (Reuters) – STMicroelectronics
, Europe’s largest semiconductor maker, has predicted a
return to revenue growth in 2015, but gave few signs of reaping
the anticipated currency benefits that have helped propel the
stock 21 percent higher this month.

“Our main objective during 2015 is to continue to deliver
year-over-year improvement, by returning to revenue growth and
by continuing to improve our cost structure,” Chief Executive
Carlo Bozotti said in a statement.

Dec 3, 2014

Publicis boss on the spot at investor day

PARIS, Dec 3 (Reuters) – Eighteen months after celebrating a
corporate marriage with U.S.-based Omnicom that was to
dominate the world of advertising, Publicis and its
boss Maurice Levy are single again, and face some awkward
questions.

Chairman and chief executive Levy on Thursday faces
investors worried that clients are deserting the French group
and disappointed by a performance that lags the sector. (bit.ly/1yeEhpJ)

Nov 19, 2014

Gemalto eyes acquisitions to accelerate 2017 growth plan – CEO

PARIS (Reuters) – Gemalto, which makes smart chips for mobile phones, bank cards and biometric passports, is considering acquisitions to speed up plans to surpass 600 million euros (482 million pounds) in revenue from operations by 2017, its CEO said.

The digital security company has dismissed suggestions that Apple’s installation of SIM cards and near-field payment technology into its new tablets and phones could threaten its business plan, saying an expansion of the market was beneficial.

    • About Hyungwon

      "As a photojournalist for more than a quarter of century, Hyungwon Kang has been a witness to history. Kang has worked for Reuters, The Associated Press, Los Angeles Times and TIME Magazine. During his tenure in journalism, Kang has served as a Photographer, Photo Editor, Front Page Photo Editor, Photo Assignment Editor, and as a Manager of Photo Department. Currently, Kang works as Senior Picture Editor at Reuters Pictures North America Desk. Duties include assigning and editing of news, sports and feature coverage of the U.S. and Canada as well as participating in news coverage as needed."
      Joined Reuters:
      2001
      Languages:
      English, Korean, Spanish, Mandarin Chinese
      Awards:
      Pulitzer, 1993
      Pulitzer, 1999
    • More from Hyungwon

      Publications:
      "From the Streets to the Olympics, (Korea, Democracy and the 24th Olympiad, 1987-88)
      Art Space publications, 1989"
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