PARIS/FRANKFURT, Oct 23 (Reuters) – Orange posted
third-quarter results that were slightly higher than forecast as
France’s largest telecom company cut costs more rapidly than
expected and customers signed up for faster 4G mobile services.
France’s No. 1 mobile firm believes the sector still needs
mergers to cope with fierce price competition but an Orange
executive said it would not move first, three months after it
dropped a bid for No. 3 mobile company Bouygues SA.
PARIS (Reuters) – French advertising group Publicis said organic sales growth was a disappointing 1.0 percent in the third quarter, blaming mainly its focus on “other plans” – a reference to this year’s failed merger with U.S.-based Omnicom.
“We are at the end of this cycle and very confident of the future,” Chairman and Chief Executive Maurice Levy said in a statement, but he told reporters the third quarter result “does not match market expectations or our own”.
PARIS, Oct 23 (Reuters) – French advertising group Publicis
said organic sales growth was a disappointing 1.0
percent in the third quarter, blaming mainly its focus on “other
plans” – a reference to this year’s failed merger with
“We are at the end of this cycle and very confident of the
future,” Chairman and Chief Executive Maurice Levy said in a
statement, but he told reporters the third quarter result “does
not match market expectations or our own”.
world’s sixth-largest advertising company he started investing in over 10 years ago.
PARIS, Oct 17 (Reuters) – French tycoon Vincent Bollore
plans to launch a share exchange offer on Havas with
the aim of controlling over 50 percent of the world’s
sixth-largest advertising company, a source close to the matter
The source made the comments as shares in Havas
and French industrial holding company Bollore were
suspended on the Paris bourse on Friday afternoon, pending the
release of a company statement.
WARSAW/PARIS, Oct 17 (Reuters) – American media giants have
been touted as potential buyers for Polish broadcaster TVN
after France’s Vivendi and Poland-based
holding company ITI signalled that they could sell their joint
51 per cent stake.
ITI and Vivendi announced late on Thursday that they will
conduct a review of their options for TVN, lifting shares in the
broadcaster by as much as 7 poercent in early trading on Friday.
PARIS, Oct 15 (Reuters) – Jean-Bernard Levy, named head of
France’s power utility EDF on Wednesday, cut his management
teeth in telecoms, an industry that has seen change at least as
radical as that envisaged for the French power industry under
its new appointee.
Former colleagues see the ski-ing enthusiast and classical
piano player who currently heads defence electronics firm Thales
as down to earth and effective behind an initially
PARIS, Oct 14 (Reuters) – Relieved investors sent shares in
French low-cost telecom operator Iliad up 11 percent on
Tuesday after it abandoned an effort to buy the fourth-largest
U.S. carrier T-Mobile.
Backed by billionaire founder Xavier Niel, Iliad made an
initial bid worth $15 billion and then raised it further, but
was rebuffed by T-Mobile US’ parent company, Deutsche
Telekom. Sources told Reuters Deutsche Telekom was
unconvinced by the price and by Niel’s ability to run the
business better than its own managers could.
PARIS, Oct 2 (Reuters) – Ad agency Publicis has
kept hold of a major contract with Samsung Electronics
, a person familiar with the matter said, calming
worries it would lose a client analysts said brought in some 70
million euros ($88 million) last year.
“Publicis is the big winner. It has kept the budgets it had
earlier with Samsung and added additional business,” said the
person, who declined to be named because the contract was
PARIS, Sept 23 (Reuters) – French broadcaster TF1
plans to lay off 148 people, or 60 percent of the staff, at news
channel LCI in response to a July regulatory decision not to
allow it to shift the channel from paid to free-to-air.
TF1 also said it had filed an appeal to the country’s
highest administrative court to overturn the ruling made by
broadcast regulator, the CSA.