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Mobile steadies France Telecom results

Steady growth in the number of mobile customers helped shore up France...

Steady growth in the number of mobile customers helped shore up France Telecom's first half sales, which dropped 0.5% to €25.5bn for the first half of 2009 against an average 2.9% drop in GDP in the countries in which it operates.

The customer base grew 6.6% year on year due mainly to a 9.7% rise in mobile services to 125.5 million customers at 30 June 2009.

EBITDA margin rose in the second quarter to 35.4% from 34.7% in the first quarter as a result of cost savings and reorganisation, which included a slowdown in capital expenditure and rationalisation in its 2G networks, IT and fixed legacy services.

This helped push up net income up 2.3% to €2.58bn.

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