Orange Q2 subs up, revenues down
July 29, 2014
France’s Orange has reported 6.77 million IPTV and satellite customers in the first quarter of the year, an increase of 9.8 per cent year-on-year.
Within France it had 5.78 million IPTV and satellite subscribers in France in Q2, up 8.5 per cent year-on-year from 5.32 million in Q2 2013.
Its Polish IPTV and satellite customer base came in at 720,000, up 3 per cent year-on-year from 699,000 in Q2 2013. In Spain, where Orange offers IPTV, its TV customer base was 91,000, up from 65,000 on last year.
Group revenue from fixed services – including TV, fixed-line telephone and broadband – was down 0.2 per cent to €3.23 billion in the quarter.
Overall Q2 revenues hit €9.79 billion, down from €10.3 billion in Q2 2013. Reported EBITDA was €3.20 billion, compared to €3.27 billion in the Q2 2013.
“These results demonstrate the company’s strength and ability to react in market conditions that continue to be very challenging. We’ve maintained our commercial momentum, despite a hyper-competitive environment, largely due to the investments we’ve made in very high-speed broadband, fibre and 4G,” said Orange Group chairman and CEO Stéphane Richard.
“Overall, we had a solid commercial performance, particularly in France, Belgium and Poland, while in Africa and the Middle East we had the strongest growth in four years. Meanwhile, we remain focused on lightening Orange’s cost structure, allowing us to stabilise our margin rate in the first half and to confirm our annual targets for 2014.”