Drahi's French Phone Unit Reports Falling Quarterly Revenue

Updated on
  • Subscribers defecting to rivals; earnings rise on cost cuts
  • Numericable-SFR ups marketing spending to woo high-end clients

Numericable-SFR SAS, billionaire Patrick Drahi’s French phone business, reported falling sales for the third quarter amid competition from rivals such as Orange SA and signaled it’s picking up marketing spending to attract subscribers.

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