France Telecom SA, France’s largest phone company, should lose an appeal over an order by the European Union to pay as much as 1.1 billion euros ($1.55 billion) in back taxes to the French government, an adviser to the EU’s top court said.
France Telecom SA, the French phone company whose sales have dropped for the past two years, will look for deals with cable companies to cross-sell services, offering European users packages combining TV, mobile and Web.
France Telecom SA, France’s largest phone company, lost an appeal at the European Union’s highest court against an EU order that forced it to pay about 1.02 billion euros ($1.37 billion) in back taxes to the French government.
On a spring afternoon, Xavier Niel enters the boardroom of Iliad SA, the Paris-based telecommunications firm he founded two decades ago. He’s wearing a white dress shirt and jeans, the same outfit he’s sported with Steve Jobs–like regularity for years. With his longish hair and rumpled attire, he looks more like a hacker who’s blundered into the wrong office than a man who’s worth $10.5 billion.
France Telecom SA, the former French monopoly still paying one of the highest dividends among European phone companies, will reduce its payout so it can control debt as cheaper competitors hurt sales and profit.
France Telecom SA is in talks to purchase part of billionaire Naguib Sawiris’s stake in their Egyptian mobile-phone venture, increasing the French company’s control, according to a person familiar with the situation.
France Telecom SA, the owner of the Orange mobile-phone brand, said third-quarter profit fell 6.2 percent before some items as a revenue decline at home offset growth in Spain and some African countries.
France Telecom SA may make the Democratic Republic of Congo its next target for African expansion after entering exclusive talks with China’s ZTE Corp. to purchase a majority stake in Congo China Telecom, the country’s fourth-largest mobile operator.