France Telecom to Focus on Costs as Mobile Phone Bill Shrinks
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France Telecom SA, the country’s biggest phone company, said it will focus on cutting costs this year after a price war in its home market triggered by Iliad SA entered its second year, forcing phone bills down.
Earnings before interest, taxes, depreciation and amortization fell 9 percent to 3.12 billion euros ($4.1 billion), the Paris-based company said today. Sales dropped 5.9 percent to 10.28 billion euros, compared with the 10.34 billion-euro average estimate by analysts compiled by Bloomberg.