France Telecom's third-quarter results reveal the group is performing surprisingly well on its home turf, recording a rise of 1.3 percent in France-derived revenues in the most recent period. Smartphones and a resurgence in ADSL subscribers are leading the charge. (See France Telecom Reports Q3.)
FT's results would have been even better if it weren't for a net loss of 720 million Zloty (US$251 million) at Polish subsidiary Telekomunikacja Polska SA , reports the Warsaw Business Journal. TP has been forced to set aside a huge chunk of cash to cover fees it may need to pay to Danish-Polish Telecommunications Group (DPTG) following a legal dispute that it lost. (See TPSA to Contest Court Ruling.)
Reuters reports that Italy's telcos -- apart from Telecom Italia (TIM) , that is -- are making headway on a collaborative project to build a national high-speed fixed broadband infrastructure.
Virgin Media's announcement yesterday of a 100-Mbit/s broadband service for selected, cabled-up parts of the UK brought a snipey response from rival BT Group plc (NYSE: BT; London: BTA). In an emailed statement, BT noted: "All superfast broadband is good for the UK and so it is encouraging to see Virgin say they will upgrade their network by 2012. BT is already rolling out fibre broadband to approximately 17 million homes and businesses and it is good for UK plc that there will be another high speed network, albeit one that is isn’t open to other companies in the way BT’s is. Take up is as important as availability however and so we would question why Virgin are charging such a premium. Their new service is more than twice the price of BT's fibre product and so we are surprised by the high price when most family budgets are tight." Ooh, get you! (See Virgin Offers 100 Mbit/s and BT Ramps FTTx Plans, Turns a Profit.)