Telecom operator Orange reports higher sales as activity in France picks up despite News virus

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PARIS (Reuters) - L'opérateur télécoms Orange a affiché jeudi un chiffre d'affaires en hausse pour le premier trimestre, l'activité sur son marché domestique français s'étant améliorée malgré le début de la crise des coronavirus qui a pesé sur ses ventes d'équipements.

Orange revenue increased 2.1% to 10.4 billion euros ($ 11.29 billion) over the January-March period, up 1% on a comparable basis, which removes things like currency fluctuations.

The momentum in France, the Middle East and Africa offset a deterioration in performance in Spain, where the group was overwhelmed by competition from its low cost competitors.

Store closings across Europe, with many countries locked out at the end of March to fight the coronavirus epidemic, weighed on equipment sales, while revenues from roaming were hit with lower travel, although new fiber optic subscriptions have held up at a good pace, said chief financial officer Ramon. Fernandez told reporters.

(Reporting by Sarah White; Editing by Himani Sarkar)

    

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