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Jul 29, 2014

Orange’s network investments help ward off low-cost rivals in France

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.

Jul 23, 2014

Chipmaker STMicro forecasts modest revenue growth

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.

Jul 22, 2014

Publicis says annual growth target will be hard to meet

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.

Jul 9, 2014

Vivendi’s Canal Plus creates new pay-TV channel in Africa

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.

Jul 8, 2014

France set to prevent jihadists going to fight or train abroad

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.

Jul 2, 2014

Orange drops out of French mobile deal talks

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
group Numericable.

Jul 2, 2014

France’s Sarkozy faces corruption probe in blow to comeback hopes

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.

Jun 24, 2014

Vincent Bollore hints at his vision for Vivendi

PARIS (Reuters) – Vincent Bollore, the largest shareholder of Vivendi (VIV.PA: Quote, Profile, Research, Stock Buzz) and its new chairman, said the company would face major challenges and powerful competitors as it seeks to become an integrated media group.

Bollore, who owns 5 percent of Vivendi, will be the key decision maker as the company seeks to forge a coherent whole out of its three remaining businesses after selling off three units, including French telecom operator SFR, in a two-year overhaul.

Jun 12, 2014

French minister still wants mobile telecoms firms to consolidate

PARIS (Reuters) – The French government still wants to reduce the number of mobile telecom operators in the national market to three from four to bring an end to the “destructive spiral” of falling prices, Economy Minister Arnaud Montebourg said on Thursday.

“Our position is to work towards a return to three operators,” Montebourg told a telecoms conference organized by Les Echos newspaper.

Jun 11, 2014

Bouygues Telecom to lay off staff after sale talks fail

PARIS (Reuters) – France’s third-placed mobile operator Bouygues Telecom plans to get rid of 17 percent of its staff, or some 1,516 workers, in a bid to cut costs to ensure its independence in a turbulent market where prices fell by one-third last year.

Olivier Roussat, who heads the telecoms arm of the family-controlled conglomerate, also acknowledged that sale talks held with potential buyers – low-cost player Iliad and leader Orange – were no longer ongoing.

    • 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:
      English, Korean, Spanish, Mandarin Chinese
      Pulitzer, 1993
      Pulitzer, 1999
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      "From the Streets to the Olympics, (Korea, Democracy and the 24th Olympiad, 1987-88)
      Art Space publications, 1989"
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