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France Telecom revenue up; Orange share price set

Trading will begin later today for Orange, the mobile phone operator owned by France Telecom.

By Kate Hanaghan

Published: 13 February 2001 09:30 GMT

A share price of E9.5 has been set for individual investors following pressure last week from investors, which forced France Telecom to cut the pricing range from E11.5 to E13.5 (£7.3 to £8.6) to E9.5 to E11 (£6 to £7).

France Telecom has also reported its earnings this morning. Its consolidated operating revenues were E33.7bn in 2000, representing an annual growth of 23.7 per cent. Wanadoo, its internet unit saw revenues attributable to France Telecom up 34.3 per cent on last year to E1.1bn.

After a strong early start, France Telecom's share price hit negative territory dropping 0.3 per cent by 9.30 (GMT).

Fellow telecoms operators have also fallen. BT was down 1.57 per cent and Vodafone one per cent.

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