France Télécom
All you want to know about France Télécom
| France Telecom | |
|---|---|
 |
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| Type | Public (Euronext: FTE, NYSE: FTE) |
| Founded | 1988 (spun off from governmental control) |
| Headquarters | Paris, France |
| Area served | Worldwide |
| Key people | Didier Lombard (Chairman) & (CEO) |
| Industry | Telecommunications |
| Products | Communication services |
| Revenue | ▲ € 52.959 Billion (2007) |
| Operating income | ▲ € 10.799 Billion (2007) |
| Net income | ▲ € 6.3 Billion (2007) |
| Total assets | ▬ € 101.183 Billion (2007) |
| Total equity | ▬ € 29.855 Billion (2007) |
| Employees | 191,036 (2007) |
| Website | www.francetelecom.com |
France Telecom (Euronext: FTE, NYSE: FTE) is the main telecommunication company in France and one of the largest in the world. It currently employs about 191,000 people (half outside of France) and has nearly 159 million customers worldwide (2007). For the twelve months ending September 2004 it had revenue of US$60.11 billion. The current CEO is Didier Lombard.
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History
Up to 1988, France Telecom was known as the Direction Générale des Télécommunications, a division of the Ministry of Posts and Telecommunications. It became autonomous in 1990. It was privatized by Lionel Jospin's Plural Left government starting in January 1, 1998. Its headquarters are in Paris, 6 place d'Alleray.
Recent acquisitions and divestitures
In August 2005, FT acquired a 77% ownership in the Spanish mobile phone company Amena, rebranding it Orange España.
In December 2006, FT announced the acquisition of DIWAN and SILICOMP specialized on the Customer Critical Application (CCA) and Security for enterprises
In November 2007, FT announced it had acquired a bid to secure 51% of Telkom Kenya's shares from the Government of Kenya, but will have to bring about 11% of shares back out onto the market three years following the deal.
In June 2008, FT abandoned a bid for Swedish operator TeliaSonera after the two companies failed to agree terms.
One of its most important subsidiaries was Telecom Argentina; France Telecom sold most of its shares in 2003, at the same time as it sold CTE El Salvador, and now only owns approximately 1% of Telecom Argentina.
Subsidiaries
France Telecom is a communications access provider offering customers access through multiple platforms. The four key platforms France Telecom operates are:
- fixed line telephone, mainly in France and Poland.
- broadband access.
- mobile phone telephony.
- most recently, IPTV, though currently only in France and Spain, with MaLigne TV, now known as Orange TV.
France Telecom has already begun merging the different internal divisions managing each platform and they now almost all operate under the Orange brand. (See "Wanadoo is to make way for Orange").
France Telecom is present in the US through its Equant enterprise services and its venture capital arm, Innovacom as well as two R&D labs: one in Boston and the other in South San Francisco, California.
OpenTransit is France Telecom's backbone network. It covers Europe, the United States, Japan, Hong Kong, and loops back to Paris.
GlobeCast is the world largest provider of transmission of satellite and production services for professional broadcast, online content and enterprise multimedia. Globecast World TV is a division of GlobeCast.
In 2004 France Telecom is likely to have to pay back €1 billion in alleged unlawful subsidies (in breach of state aid rules) it received from the French government, following an 18-month investigation by Mario Monti, the EC Competition Commissioner. It is understood that both France Telecom and the French government are appealing this decision.
The former CEO of France Telecom Thierry Breton was appointed in 2002 after leaving his previous company Thomson SA (formerly THOMSON Multimedia SA, owner of the legendary American brand RCA) where he served as the CEO. On February 25, 2005, he has been appointed Minister of Finance and Industries.
See also
External links
- France Telecom website
- ORANGE brand website
- France Telecom stock quote & chart
- the Orange Business Services International website
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