Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

France Telecom Reports $7.3 B Loss
Mar 2002
PARIS, March 22 -- France Telecom has reported a loss of $7.33 billion in 2001. The loss of 8.28 billion euros marked the second-biggest loss ever posted by a French company, behind the loss of 13.6 billion euros for 2001 announced earlier this month by media giant Vivendi Universal.

The telecommunications company, which is more than half-owned by the French government, said the figure included a writedown of 10.2 billion euros ($9.02 billion) for the depreciation of assets. France Telecom cited as a reason for the loss its decision to lower the estimated value of the assets it bought during a phase of rapid industry consolidation in 1999 and 2000.

CommunicationsNews & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA,
x We deliver – right to your inbox. Subscribe FREE to our newsletters.