France Telecom first half 2007 results

first half 2007 results: revenues up nearly 2%, stabilization of the operating profit and confirmation of the 2007 objectives

Revenues from Home Communication Services (HCS) totalled €11.168 billion for the first half, a decrease of 0.5% on a comparable basis compared with the first half of 2006 (an increase of 0.4% on an historical basis). The downward trend for traditional telephone services observed in France, Poland and Spain is significantly offset by the rapid growth in ADSL broadband, particularly in France. The number of consumer ADSL broadband accesses in Europe totalled 10.524 million at 30 June 2007, representing annual growth of 23.1%. ADSL Multiservices also saw rapid growth, with 5.216 million Liveboxes installed, 3.640 million Voice over IP subscribers, and 872,000 ADSL television subscribers in Europe at 30 June 2007.

HCS France revenues totalled €8.838 billion, up 1.1% on a comparable basis and 1.4% on an historical basis. The number of consumer ADSL broadband accesses totalled 6.575 million at 30 June 2007, representing annual growth of 26.1%. At the same time, growth in ADSL Multiservices rose sharply with:

• 4.273 million Livebox rentals, an increase of 69.9% in one year; Liveboxes represented 65% of the ADSL accesses at 30 June 2007, up from 48% a year earlier;
• 3.017 million Voice over IP subscribers, twice the number of a year ago; Voice over IP services represent 46% of the number of ADSL accesses and more than 70% of the Livebox rentals;
• 837,000 ADSL television subscribers, almost three times the number at 30 June 2006. Added to this is the success of video on demand services (VOD), with 938,000 paying downloads in the first half of 2007