Senior Staff Photographer/Editor, Toronto, Ontario
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Mar 17, 2015

Orange to boost network investments to fuel recovery by 2018

PARIS (Reuters) – France’s Orange will plow 15 billion euros ($15.9 billion) into upgrading networks until 2018 to differentiate itself from rivals in a price war in its domestic market.

Orange, Europe’s fifth-largest telecom operator by market value, also said that it would take until 2018 for its sales and core operating profit to exceed 2014 levels.

Mar 12, 2015

France’s low-cost telco Iliad aims to raise operating profit by 10 pct

PARIS, March 12 (Reuters) – French telecoms group Iliad
pledged to raise operating profit by 10 percent this
year after it reached a 15 percent market share in mobile three
years after shaking up the market with low-cost, no-contract
plans.

Founded and majority-owned by billionaire Xavier Niel, Iliad
sparked a price war in mobile in 2012, forcing larger rivals
Orange, Numericable-SFR and Bouygues Telecom
to cut costs to cope.

Mar 9, 2015

Canada church prays for pastor detained in North Korea

TORONTO (Reuters) – Hundreds of friends, parishioners and Korean-Canadian religious leaders gathered at a suburban Toronto church on Monday to pray for a Canadian pastor detained in February by North Korean authorities while on a humanitarian mission.

Rev. Hyeon Soo Lim, 60, leader of the 3,000-member Light Korean Presbyterian Church, was last heard from on Jan. 31. Church leaders say the Canadian government has told them it is working to secure his release.

Mar 5, 2015

Numericable-SFR says confident on cost savings target

PARIS, March 5 (Reuters) – Numericable-SFR is
confident it can deliver the 1 billion euros of cost savings
promised by cable operator Numericable by 2017 from its takeover
of No.2 French mobile telecoms group SFR, finance head Thierry
Lemaitre said on Thursday.

Lemaitre also told reporters on a conference call that the
new company made a net loss for 2014 of 175 million euros ($193
million) against a profit of 65 million a year earlier due to
interest costs for the debt it raised for the takeover and
including a one-month contribution from SFR.

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.

    • 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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