Orange (NYSE: FTE), Nokia Corp. (NYSE: NOK) and Vivendi top the bill in today's trot through the EMEA telecom headlines.
The impact of Iliad (Euronext: ILD)'s arrival on the French mobile market with its low-cost Free brand can clearly be seen in France Telecom's first-quarter results, with the number of France Telecom's mobile subscribers on the operator's home turf dropping by 193,000 year-on-year. Revenues in France were also down, by 4.2 percent year-on-year, though the financial effects of regulatory measures partly account for that figure. Group revenues as a whole were down 1.8 percent year-on-year at €5.40 billion (US$7.08 billion), though Spain surprisingly bucked the trend, up 2 percent. (See Iliad Disrupts the French Mobile Scene , Euronews: FT Commits to LTE Rollout and Euronews: Iliad's Clogging Our Network, Says FT.)
Meanwhile, back in France, Vivendi has appointed Michel Combes -- currently CEO of Vodafone Europe -- as CEO of its mobile subsidiary, SFR . Like France Telecom, SFR has had its work cut out in the face of competition from Iliad's Free. (See Euronews: Vivendi Vexed Over Free Ride.)
Harald Norvik, chairman of the board of directors at Telenor Group (Nasdaq: TELN), has resigned in response to what he saw as a lack of confidence in his abilities on the part of the Norwegian government, which is the majority shareholder in the operator. The decision follows problems at Telenor's TV2 subsidary earlier this year. (See Euronews: Telenor Wants Its Money Back.)