Bouygues Telecom secures profitability uplift

By:
James Pearce
Published on:

French operator sees earnings of €124m compared with loss of €9m last year

Bouygues claims the turnaround of its telecoms arm has helped the Group raise profits by 6% overall.

The company owns France's third biggest telecoms operator, Bouygues Telecom, as well as construction and media divisions.

It’s telecoms unit saw a notable improvement, despite a failed merger with Orange earlier this year. It added 93,000 fixed customers and 227,000 mobile subscribers in the third quarter of the year.

Bouygues has outlined a number of plans to drive up its profit margins, including a focus on the roll out of new infrastructure for 4G and fixed telecoms. It also plans to make several job cuts.

Deputy chief executive Philippe Marien told a conference call.the operator is now hitting targets, having posted earnings of €124 million, compared with a loss of €9 million in the first nine months of last year.

"Now the market is clearly made of four operators... we think we are in line with our strategy and delivering what we have promised," Marien said. GTB