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.
PARIS, Sept 15 (Reuters) – Netflix will focus on
ramping up in six new European markets in the next year,
including France and Germany, before taking the video streaming
service to additional countries, its chief executive said in an
Reed Hastings, who heads the California-based company that
has become emblematic of the changes the Internet has wrought on
television, listed Spain, Korea and Japan as promising markets.
But he emphasized that getting the new European countries right
was his priority.
PARIS, Sept 12 (Reuters) – When Netflix launches
its video streaming service in France and Germany next week, it
will have to contend with the locals’ preference for watching
content in their own languages as well as the presence of
formidable pay-TV competitors.
The California-based company’s growth and profitability
hinges on the next chapter of its four-year old international
expansion in which it is set to enter six European countries,
including Switzerland, Austria, Belgium and Luxembourg.
PARIS (Reuters) – French low-cost telecom operator Iliad may improve its $15 billion offer for T-Mobile US but has set specific limits on how much money it would raise to fund any deal.
Iliad Chief Financial Officer Thomas Reynaud said on Monday that talks were continuing with private equity firms and companies interested in joining the group’s pursuit of Deutsche Telekom’s U.S. mobile business.
PARIS (Reuters) – French low-cost telecoms carrier Iliad (ILD.PA: Quote, Profile, Research, Stock Buzz) is ahead of schedule on its 2015 goal to reach annual sales of 4 billion euros ($5.3 billion) and will probably have 15 percent mobile market share by the end of this year, its finance chief said.
“We are ahead of the goals in our strategic plan,” Chief Financial Officer Thomas Reynaud said on Friday in an interview after second-quarter results.
PARIS (Reuters) – Progress in Alcatel-Lucent’s efforts to end years of losses was eclipsed on Thursday by concerns over weaker demand for the telecom equipment maker’s core networking products and a potential slowdown in its vital U.S. market.
Alcatel posted quarterly sales largely in line with expectations and its operating margin improved. But its main listed competitors, Sweden’s Ericsson and Finland’s Nokia, both beat forecasts in the same period and forecast higher sales in the second half.
PARIS, July 31 (Reuters) – Telecom equipment maker
Alcatel-Lucent improved its margins in the second
quarter because of a cost-cutting programme and a boost from
higher sales of fourth-generation mobile gear in China and the
The Paris-based company, which competes with Sweden’s
Ericsson and China’s Huawei, confirmed its
objective of returning to positive free cash flow by the end of
2015, the key promise made in June 2013 by Chief Executive
Michel Combes for his turnaround plan.