France Telecom Revenues Rise

PARIS -- France Telecom's consolidated revenues at September 30, 2002 were 34.4 billion euros, an increase of 9 percent over the year-earlier period. France Telecom's customer base grew nearly 10 percent on a pro forma basis, reaching 108.4 million at September 30, 2002. Revenue growth reflected the rapid development of international activities. Revenues from International activities were up 26.6 percent, due in large part to the consolidation of the Polish operator TP SA as of April 1, 2002. International activities accounted for 40.9 percent of the France Telecom Group's consolidated revenues for the first nine months of 2002, compared with 35.8 percent in 2001. On a pro forma basis and excluding the effects of exchange rates(1), the France Telecom Group's consolidated revenues increased 2.9 percent for the nine months ended September 30, 2002, compared with a 2.6-percent increase for the six months ended June 30, 2002. This reflects 7.7-percent growth in revenues from international activities (versus 7.2 percent at the end of the first half June 2002), as well as steady growth in wireless services in France, which offset the decline in revenues from fixed-line telephony. Full-year consolidated revenues are expected to rise between 8 and 9 percent. France Telecom expects annual growth in EBITDA and EBIT to exceed 15 percent. France Telecom SA