Orange saw its IPTV and DTH subscriber total grow by close to 10% in 2014.
The latest set of results published by the company show that it ended last year with 7,190,000 IPTV and DTH customers, or 9.4% more than the 6,514,000 total posted 12 months earlier.
Meanwhile, its fixed broadband customer total increased from 15,469,000 to 16,014,000 over the same period.
Orange had revenues of €39,445 million in 2014, down 2.5% on a comparable basis on a year earlier.
Its restated EBITDA was, at €12,190 million, also 2.5% lower on a comparable basis, while net income fell by €908 million to €1,225 million.
Commenting on the results, Orange Group chairman and CEO Stéphane Richard said: “These results bear witness to Orange’s substantial strength and the commitment of our teams. While the competitive pressure remained very high in 2014 in all of our markets, our commercial performance was excellent and we achieved all of our financial targets. We succeeded in stabilizing our restated EBITDA ratio thanks to our commercial performance coupled with our ongoing cost reduction efforts. Our strategy of differentiation through investment in very high-speed broadband and the quality of our networks and services has paid off, particularly in France, where fibre and 4G attracted many customers. We have also reduced our cost basis by more than €1.7 billion in three years.
“At the same time, we continued to optimise our international footprint as part of a strategy of selective M&A. In Spain, a market which is moving massively towards fixed and mobile convergence, the acquisition of Jazztel will allow us to create the second fixed broadband operator and one of the most dynamic players in mobile. In the United Kingdom, our agreement with BT for the sale of EE values our success in creating the country’s leading mobile operator with Deutsche Telekom.
“These results conform our strategic choices and give us the means to pursue our investments, in particular in very high-speed broadband networks, so that we can strengthen our leadership even more. I’ll return to all of these points in more detail on March 17 when we present our news strategic plan up to 2020”.
