Q1 sales in Spain dive by 7.4% Orange shares down 2%
PARIS, April 22 (Reuters) - Orange, France s
biggest telecoms firm, signaled that cut-throat competition in
Spain was here to stay, weighing on investor sentiment as the
group posted a worse-than-expected performance in its
second-biggest market.
Orange s shares were down by close to 2% in Paris trading,
making it the second-worst performer on France s benchmark stock
index CAC 40, in spite of quarterly results that met
market expectations.
Sales in Spain have dived by more than 7% over the first
three months of the year, worse than most analysts feared.
Orange managed to add new broadband and mobile customers in
UPDATE 1-Orange s earnings pressured by pandemic woes, Spain msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.