Senior Staff Photographer/Editor, Toronto, Ontario
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May 12, 2015

Vivendi lifts first quarter profit, to buy rest of Canal+ SECP

PARIS (Reuters) – European media company Vivendi (VIV.PA: Quote, Profile, Research, Stock Buzz) posted a rise in first-quarter profit and said it planned to buy the rest of pay-TV operator Canal Plus’ SECP unit for about 500 million euros ($560.90 million) as it looks to put its cash pile to work.

The group, which has 15 billion euros of cash that it wants to deploy to become a champion in European media, declined to comment on the outcome of a meeting earlier on Tuesday of its strategic committee to discuss potential acquisitions.

May 12, 2015

Vivendi lifts Q1 profit, to buy rest of Canal+ SECP

PARIS, May 12 (Reuters) – European media company Vivendi
posted a rise in first-quarter profit and said it
planned to buy the rest of pay-TV operator Canal Plus’ SECP unit
for about 500 million euros ($560.90 million) as it looks to
put its cash pile to work.

The group, which has 15 billion euros of cash that it wants
to deploy to become a champion in European media, declined to
comment on the outcome of a meeting earlier on Tuesday of its
strategic committee to discuss potential acquisitions.

May 7, 2015

Alcatel-Lucent defends Nokia deal as weathers U.S. slowdown

PARIS (Reuters) – Telecom equipment maker Alcatel-Lucent, which is set to be bought by larger rival Nokia, improved profit margins in the first quarter despite a marked sales slowdown in its biggest market, the United States.

Although it reported a net loss, higher software sales, a weak euro, and strong demand for its Internet routing products – which help telecom operators handle heavy broadband traffic from online video – helped the French firm post a better quarter than Nokia and mobile market leader Ericsson.

May 7, 2015

Alcatel-Lucent resilient, defends Nokia deal

PARIS, May 7 (Reuters) – Telecom equipment maker
Alcatel-Lucent, which is set to be bought by larger
rival Nokia, improved profit margins in the first
quarter despite a marked slowdown in its biggest market, the
United States.

Higher software sales and strong demand for its Internet
routing products, which help telecom operators handle heavy
broadband traffic from online video, helped Alcatel-Lucent post
a better quarter than its soon-to-be buyer Nokia and
mobile market leader Ericsson.

May 5, 2015

Orange in talks with buyers of fiber assets to get Jazztel deal approved

PARIS (Reuters) – Orange (ORAN.PA: Quote, Profile, Research, Stock Buzz) has begun talks with several potential buyers for parts of Jazztel’s (JAZ.MC: Quote, Profile, Research, Stock Buzz) fiber network, which it has agreed to sell to get regulatory approval for the takeover of the Spanish broadband company.

Nicolas Laederich, an executive who handles regulatory affairs and competition issues for the French telecoms group, said the divestment would be paired with a promise to rent out capacity on the company’s fixed network to whoever buys the fiber assets.

Apr 28, 2015

Orange confirms targets after posting in-line first-quarter results

PARIS/FRANKFURT (Reuters) – Orange SA (ORAN.PA: Quote, Profile, Research), France’s largest telecom operator, posted slightly lower quarterly results on Tuesday that were largely in line with expectations as mobile subscriber growth and expense cuts failed to offset higher network spending and other costs.

Orange said revenue fell 0.9 percent to 9.67 billion euros (7 billion pounds), topping the company-compiled average analyst estimate of 9.63 billion, but restated core profit fell 1.9 percent to 2.92 billion, shy of the 2.94 billion poll average.

Apr 28, 2015

Orange confirms targets after posting in-line Q1 results

PARIS/FRANKFURT, April 28 (Reuters) – Orange SA,
France’s largest telecom operator, posted slightly lower
quarterly results on Tuesday that were largely in line with
expectations as mobile subscriber growth and expense cuts failed
to offset higher network spending and other costs.

Orange said revenue fell 0.9 percent to 9.67 billion euros
($10.52 billion), topping the company-compiled average analyst
estimate of 9.63 billion, but restated core profit fell 1.9
percent to 2.92 billion, shy of the 2.94 billion poll average.

Apr 21, 2015

Publicis organic growth helped by currency effects

PARIS, April 20 (Reuters) – A weak euro helped Publicis
to report forecast-beating organic sales growth in the
three months of 2015 and the advertising agency also enjoyed an
initial boost from its recent acquisition of smaller peer
Sapient.

Organic revenue growth was 0.8 percent on sales of 2.1
billion euros ($2.25 billion) in the quarter compared with a
year ago, the company said on Tuesday. That was above analysts’
forecasts that revenue would be in a range between 0.5 percent
lower or 0.5 percent higher.

Apr 17, 2015

Vivendi’s Bollore urges shareholders to back double voting rights

PARIS (Reuters) – Vivendi (VIV.PA: Quote, Profile, Research, Stock Buzz) Chairman Vincent Bollore urged shareholders on Friday to back double voting rights at the French media group, arguing this would help it compete with powerful, rich rivals from Google (GOOGL.O: Quote, Profile, Research, Stock Buzz) to Facebook (FB.O: Quote, Profile, Research, Stock Buzz).

The group’s top shareholder also asked investors to give him time to rebuild the company into a media powerhouse, warning that cheap deals in the media industry were thin on the ground.

Apr 13, 2015

France’s Jean-Marie Le Pen steps back to ease family feud

PARIS (Reuters) – Jean-Marie Le Pen, founder of France’s far-right National Front, said on Monday he would not seek its ticket to stand in regional polls, taking some of the sting out of a damaging public row with his daughter Marine, the party’s current leader.

But the 86-year-old former paratrooper told Le Figaro in an interview that he was disappointed by his daughter and would not quit politics, showing that the family feud that could emerge as a threat to the FN’s bid for power is not necessarily over.

    • 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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