Vodafone Group Plc Chief Executive Officer Vittorio Colao said Europe’s phone carriers aren’t investing enough in new technologies because they struggle to make money, calling for more consolidation in the industry.
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, the country’s largest phone company, said it will bring in revenue faster than forecast from Iliad SA after roaming fees from the wireless rival helped first-quarter sales beat analyst estimates.
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’s board will meet next week to discuss the consequences of Chief Executive Officer Stephane Richard’s fraud charge in a probe linked to when he was chief of staff for then-Finance Minister Christine Lagarde.