Earnings: France Telecom Profit Dips On TV Content Purchases


imageFrance Telecom (NYSE: FTE), owners of the Orange carrier brand, reported first quarter profits fell, as the company invested in TV programming for its new service in France. Earnings before interest, tax, and depreciation dropped 4.4 percent to 4.3 billion euros (£3.9 billion) from 4.63 billion euros (£4.15 billion) a year earlier. Revenues fell 2.6 percent to 12.69 billion euros (£11.38 billion) hit by fluctuating exchange rates, and missing analyst forecasts of 12.84 billion euros (£11.5 billion) .


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