PARIS, April 29 (Reuters) – France’s biggest telecom
operator Orange has continued cutting costs on
everything from staff to mobile phone marketing, allowing it to
hold profit margins steady despite lower sales across its major
The group on Tuesday posted first-quarter sales and
operating profit that met expectations and confirmed its goal
for 12-12.5 million euros ($16.6-17.3 million) in earnings
before interest, tax, depreciation and amortisation (EBITDA)
PARIS (Reuters) – Advertising agency Publicis, which is merging with larger rival Omnicom, achieved 3.3 percent revenue growth on a comparable basis in the first quarter, helped by strong digital sales and an uptick in China and Europe.
Publicis, the first major ad group to post results for the period, said revenue was 1.6 billion euros ($2.21 billion). The average estimate of analysts was 1.62 billion and organic growth of 3 percent, according to company-provided figures.
PARIS, April 17 (Reuters) – Advertising agency Publicis
, which is merging with larger rival Omnicom,
achieved 3.3 percent revenue growth on a comparable basis in the
first quarter, helped by strong digital sales and an uptick in
China and Europe.
Publicis, the first major ad group to post results for the
period, said revenue was 1.6 billion euros ($2.21 billion). The
average estimate of analysts was 1.62 billion and organic growth
of 3 percent, according to company-provided figures.
PARIS (Reuters) – The French government will continue to pursue consolidation in the country’s telecoms sector after Vivendi’s decision to sell its SFR unit to cable firm Numericable, Economy Minister Arnaud Montebourg said on Wednesday.
The government had openly supported a rival bid from Bouygues, arguing that the number of mobile operators needed to come down to three to end a destructive price war and encourage investment in high-speed broadband. Vivendi finally picked Numericable on Saturday, in a move that keeps the number of operators at four.
PARIS, April 7 (Reuters) – Shares in French cable company
Numericable surged on Monday after it won the battle
to buy Vivendi’s telecoms arm SFR, in a deal which
creates the second-biggest player in a reshaped French telecoms
Despite a sweetened, last-ditch offer from rival Bouygues
– the outsider in the race but favoured by the French
government – Vivendi said on Saturday it had picked Numericable
as the better bid in terms of business logic, commitment to
preserving jobs, chances of regulatory approval and long-term
PARIS, April 3 (Reuters) – A French appeals court has upheld
the choice of construction and telecoms conglomerate Bouygues
to build a new judiciary complex in northern Paris,
dismissing a suit by lawyers loath to leave the city centre.
The project, designed by architect Renzo Piano – the man
behind the Pompidou Centre and London’s Shard – features a
160-metre tower in the Batignolles neighbourhood and is expected
to accommodate more than 8,000 people a day.
PARIS (Reuters) – Conglomerate Bouygues re-opened the battle to buy France’s second biggest telecoms provider SFR on Thursday with a new offer less than a week after owner Vivendi began exclusive talks with rival bidder Numericable.
Bouygues also enlisted the support of the government through the state CDC fund, along with existing Bouygues Telecom shareholder JCDecaux Holding, parent company of listed outdoor advertising firm JCDecaux, and the Pinault family.
PARIS, March 17 (Reuters) – The billionaire founder of
Numericable believes he can create a French “national
champion” by combining fixed-line and mobile telecoms services
following his cable firm’s purchase of Vivendi’s SFR
Speaking for the first time since winning a takeover battle
for SFR against Bouygues Telecom, Patrick Drahi said
on Monday the deal was a sign of “convergence” between fixed and
mobile telecoms operators.
PARIS (Reuters) – Vivendi (VIV.PA: Quote, Profile, Research, Stock Buzz) will enter three weeks of exclusive talks with cable group Numericable (NUME.PA: Quote, Profile, Research, Stock Buzz) in an effort to finalize a deal to sell its telecom unit SFR for 11.75 billion euros ($16.4 billion) in cash, plus a stake in the resulting business.
PARIS, March 14 (Reuters) – Vivendi has decided
“whatever the cost” to pick local cable group Numericable
to buy its French telecoms unit SFR, France’s industry
minister said on Friday just before the seller’s board convened
to decide on competing bids.
Arnaud Montebourg, said he believed Vivendi “preferred” the
Numericable offer over that of conglomerate Bouygues
despite the “numerous problems and questions” that he saw with
that outcome, such as the amount of debt the newly combined
company would have.