BREAKING NEWS

BREAKING NEWS

Telecoms group Orange's revenue in France falls for first time in two years

Telecoms group Orange's revenue in France falls for first time in two years
FILE PHOTO: The logo of French telecoms group Orange is seen at the entrance of the Cyberdefense division headquarters at Nanterre, France, October 5, 2017. REUTERS/Charles Platiau/File Photo -
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Charles Platiau(Reuters)
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PARIS (Reuters) - Orange's quarterly revenues in France fell for the first time in two years, highlighting the tough competitive environment in the country where rivals are engaged in a race to win market share.

The telecoms group said on Tuesday that first-quarter sales in France, which represents more than 40 percent of its activity, dropped by 1.8 percent on a comparable basis to 4.41 billion euros (£3.81 billion).

Group revenues over the period were stable, slipping 0.1 percent to about 10.2 billion euros, roughly in line with the market consensus.

Its core operating profit grew by 0.7 percent to 2.58 billion euros and Orange also confirmed its full-year targets.

(Reporting by Mathieu Rosemain and Gwenaelle Barzic; Editing by Sudip Kar-Gupta)

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