Senior Staff Photographer/Editor, Toronto, Ontario
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Nov 14, 2013

Vivendi says SFR split plan on track for mid-2014

PARIS, Nov 14 (Reuters) – Vivendi said it was
progressing with its plan to hive off its largest business,
France’s No. 2 telecom operator SFR, and had not seen red flags
that could derail the project slated for middle of next year.

The music, pay-TV, and telecoms conglomerate also on
Thursday confirmed its annual targets for its four business
units after it posted operating profit down 23 percent to 730
million euros ($978.53 million), hurt by continued pressure on
SFR brought on by an ongoing mobile price war in France.

Oct 31, 2013

Non-French investors seek damages from Vivendi in Paris

PARIS, Oct 31 (Reuters) – Pension funds and financial
institutions from outside France have sued Vivendi in
the Paris commercial court, seeking billions of euros in damages
over its handling of a liquidity crisis under former boss
Jean-Marie Messier from 2000 to 2002.

The one-time Vivendi shareholders, who lost money when
almost 90 percent of the media-to-telecom group’s market value
was erased, are taking action in France because they have been
excluded from a United States court class action by a U.S.
Supreme Court decision, lawyers for the plaintiffs involved
said.

Oct 24, 2013

Jet engine services boost Safran, eyes Avio Space

PARIS, Oct 24 (Reuters) – Stronger than expected sales of
engine services pushed Safran revenues up 9.7 percent
in the third quarter as the French aerospace group reaffirmed
targets for the year, while sounding a more cautious note on
currencies and cash.

The maker of the world’s most-sold civil jet engine, the
CFM56 which it co-produces with General Electric, said
suppliers were managing to keep up with production increases by
planemakers as airlines in emerging markets snap up new planes.

Oct 23, 2013

Orange’s 2014 profit hopes in limbo

PARIS, Oct 23 (Reuters) – France’s largest telecom operator,
Orange, still hopes to stabilise operating profit next
year although looming changes to European regulations on mobile
roaming fees and continued pressure in its home market could
knock it off course.

As the group posted in-line third-quarter results and
confirmed its 2013 targets, Chief Financial Officer Gervais
Pellissier said it was hard to say whether Orange would achieve
the 2014 goal given in February in an interview with Reuters.

Oct 17, 2013

Alcatel close to deal with French telco: source

PARIS (Reuters) – Alcatel-Lucent, which is cutting 10,000 jobs in an attempt to turn the company around, is close to winning a contract from a major domestic telecom operator, a source familiar with the matter said on Thursday.

The deal, involving “small cells” that improve mobile coverage, will likely be welcome news after the restructuring plans, which include 900 job cuts in France, were criticized by a government battling record levels of unemployment.

Oct 16, 2013

Publicis third-quarter sales slow, optimistic for 2014

PARIS (Reuters) – French ad group Publicis (PUBP.PA: Quote, Profile, Research, Stock Buzz), which is merging with U.S. peer Omnicom Group (OMC.N: Quote, Profile, Research, Stock Buzz), stuck to its target for higher full-year organic sales growth on Wednesday despite a slowdown in the third quarter on weaker emerging markets.

Publicis also forecast a further improvement in growth next year following the expected completion of the merger in the first quarter of 2014, underpinned by demand in the United States and expansion in digital advertising.

Oct 16, 2013

Publicis Q3 sales slow, optimistic for 2014

PARIS, Oct 16 (Reuters) – French ad group Publicis
, which is merging with U.S. peer Omnicom Group
, stuck to its target for higher full-year organic sales
growth on Wednesday despite a slowdown in the third quarter on
weaker emerging markets.

Publicis also forecast a further improvement in growth next
year following the expected completion of the merger in the
first quarter of 2014, underpinned by demand in the United
States and expansion in digital advertising.

Oct 8, 2013

Alcatel-Lucent cuts 10,000 jobs in turnaround plan

PARIS, Oct 8 (Reuters) – Telecom equipment maker
Alcatel-Lucent unveiled plans on Tuesday to cut an
overall 10,000 jobs worldwide by the end of 2015, hoping to save
1 billion euros ($1.36 billion) and turn the company around
after years of losses.

The product of a 2006 Franco-U.S. merger aimed at creating a
global giant, Alcatel-Lucent told a European works council
meeting it intends to axe 4,100 posts in Europe, the Middle East
and Africa, 3,800 in Asia Pacific, and 2,100 in the Americas.

Oct 1, 2013

Analysis : Iliad plots new phase in French mobile assault

PARIS (Reuters) – French low-cost telecom operator Iliad will soon open a second front in a mobile price war when it starts helping customers buy expensive smartphones in the coming months, piling more pressure on its larger rivals.

The move is a major change from the current no-frills plans sold by Iliad’s Free Mobile service where consumers buy their own phones without long-term contracts. Such “SIM only” plans for 2 or 19.99 euros a month helped the upstart grab a 10 percent market share and sparked customer defections from rivals Orange, Vivendi’s SFR and Bouygues Telecom.

Oct 1, 2013

Iliad plots new phase in French mobile assault

PARIS, Oct 1 (Reuters) – French low-cost telecom operator
Iliad (ILD.PA: Quote, Profile, Research) will soon open a second front in a mobile price
war when it starts helping customers buy expensive smartphones
in the coming months, piling more pressure on its larger rivals.

The move is a major change from the current no-frills plans
sold by Iliad’s Free Mobile service where consumers buy their
own phones without long-term contracts. Such “SIM only” plans
for 2 or 19.99 euros a month helped the upstart grab a 10
percent market share and sparked customer defections from rivals
Orange (ORAN.PA: Quote, Profile, Research), Vivendi’s SFR (VIV.PA: Quote, Profile, Research) and Bouygues Telecom
(BOUY.PA: Quote, Profile, Research).

    • 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:
      2001
      Languages:
      English, Korean, Spanish, Mandarin Chinese
      Awards:
      Pulitzer, 1993
      Pulitzer, 1999
    • More from Hyungwon

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