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Orange Accelerates Cost Cuts to Halt Earnings Drop

Orange SA, France’s largest phone company, boosted its cost-cut target as it strives to halt an earnings slide caused by years of price wars in its home market.

The carrier plans to reduce costs by more than 300 million euros ($400 million) this year, more than the previous goal of at least 250 million euros. Second-quarter earnings were in line with estimates and Orange said a key profit margin for 2014 is set to halt a decline that’s lasted at least five years.