Telecom service provider Orange today said its Q3 2014 Capex rose 2.9 percent to EUR 3.8 billion.
Orange said its telecom network Capex increased 6.5 percent, with a large share devoted to 4G LTE and fiber optics in Europe — particularly France – targeting its continued dominance in broadband market.
The telecom operator invested in mobile networks in Africa and the Middle East, supporting the rapid growth in usage. The ratio of Capex to revenues was 13 percent, an increase of 0.8 percentage points compared to the previous year.
Orange Chairman and CEO Stephane Richard said: “Orange’s commercial momentum remained high in the 3rd quarter of 2014 across all our operations, fuelled by our ongoing investment efforts, particularly in high speed fixed and mobile broadband.”
In France, Orange added 65,000 new fiber customers during the quarter.
Orange 4G
Orange is expected to exceed the 3 million mark for 4G customers before the year-end. Orange achieved 71 percent 4G LTE coverage of the population till September-end. Orange achieved 5.6 million mobile 4G customers in the United Kingdom, 2.7 million in France and 1.8 million in Spain till September-end.
Orange Q3 revenues
Orange Q3 revenues decreased 2.3 percent to EUR 9.80 billion. The improvement in revenue is related primarily to France, Belgium and the Enterprise segment, while the Africa and the Middle East segment continued its steady growth.
Pix source: Bloomberg
Baburajan K
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