(Bloomberg) -- France Telecom SA investors who
question whether the cost of a fiber-optic network will drag down
earnings may find an unhappy answer across the Atlantic Ocean.
The former telephone monopoly, based in Paris, may invest as
much as 4.5 billion euros ($6 billion) by 2012 to install fiber-
optic lines that deliver phone, television and Internet service
to French homes, Chief Financial Officer Gervais Pellissier said.
In 2005, the year New York-based Verizon Communications Inc.
started a similar project, the shares fell 26 percent and didn't
recover from their lowest point for almost 18 months.
Read more at Bloomberg Exclusive News
question whether the cost of a fiber-optic network will drag down
earnings may find an unhappy answer across the Atlantic Ocean.
The former telephone monopoly, based in Paris, may invest as
much as 4.5 billion euros ($6 billion) by 2012 to install fiber-
optic lines that deliver phone, television and Internet service
to French homes, Chief Financial Officer Gervais Pellissier said.
In 2005, the year New York-based Verizon Communications Inc.
started a similar project, the shares fell 26 percent and didn't
recover from their lowest point for almost 18 months.
Read more at Bloomberg Exclusive News
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