France Telecom re-assures despite profit slide

France Telecom reported a 19 percent decline in profit for the first half of 2008 to about $4.17 billion, along with a slight revenue increase of 1.5 percent. However, while industry observers recently have been concerned about the ongoing financial performance of Europe's largest service provider, France Telecom actually re-affirmed its prior 2008 goals and said it still plans to pay a dividend in September. The telco's attempt to acquire TeliaSonera fell apart recently and France Telecom faces some serious broadband competition in its native market, but the company seems to be holding its own for now.

For more:
- read this report at The Wall Street Journal

Suggested Articles

LF Edge, an umbrella organization that's part of the Linux Foundation, announced the second release of its Akraino Edge Stack.

Chris Young is leaving his role as CEO of cybersecurity firm McAfee to become a senior advisor with TPG Capital, which has a majority stake in McAfee.

CenturyLink wins a $1.6 billion contract with the U.S. Department of Interior to upgrade its network services and modernize its IT solutions.