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Aug 29, 2014

Iliad will hit sales, mobile targets early – CFO

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.

Jul 31, 2014

Concerns over U.S. business overshadow Alcatel-Lucent 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.

Jul 31, 2014

France’s Alcatel-Lucent improves margins in second quarter

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
United States.

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.

Jul 29, 2014

French regulator rejects applications for free TV channels

PARIS (Reuters) – France’s broadcast regulator rejected applications from TF1, M6, and Vivendi’s Canal+ to shift three of their respective pay-television channels to free-to-air, dealing a setback to the companies.

The CSA regulator said in a statement on Tuesday that it based the decision largely on the fact that the advertising market remained weak and there were not enough marketing dollars to go around for free-to-air channels.

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.

    • 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
    • More from Hyungwon

      "From the Streets to the Olympics, (Korea, Democracy and the 24th Olympiad, 1987-88)
      Art Space publications, 1989"
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