France Télécom
| Type | Société Anonyme (Euronext: FTE, NYSE: FTE) |
|---|---|
| Industry | Telecommunications |
| Founded | 1988 (spun off from governmental control) |
| Headquarters | 15th arrondissement, Paris, France |
| Area served | Worldwide |
| Key people | Didier Lombard (Chairman), Stéphane Richard (CEO) |
| Products | Fixed line and mobile telephony, internet, digital television, IT services |
| Revenue | €45.94 billion (2009)1 |
| Operating income | €7.859 billion (2009)1 |
| Profit | €2.997 billion (2009)1 |
| Total assets | €92.04 billion (2009)1 |
| Total equity | €28.75 billion (2009)1 |
| Employees | 167,150 (FTE, 2009)1 |
| Subsidiaries | Orange Everything Everywhere (UK) (50% Stake) |
| Website | www.francetelecom.com |
France Télécom S.A. (Euronext: FTE, NYSE: FTE) is the main telecommunications company in France, the third-largest in Europe2 and one of the largest in the world. It currently employs about 180,000 people (half outside of France) and has 192.7 million customers worldwide (2010). In 2008 the group had revenue of €53.5 billion. Its head office is in Place d'Alleray in the 15th arrondissement of Paris, and the current CEO is Stéphane Richard.
Contents |
History
Up to 1988, France Télécom was known as the Direction Générale des Télécommunications, a division of the Ministry of Posts and Telecommunications. It became autonomous in 1990. It was privatized by Lionel Jospin's Plural Left government starting in January 1, 1998. The French government, both directly and through its holding company ERAP, continues to hold a stake of almost 27% in the firm. In addition, the government Conseil of Ministers names the CEO.3
Recent acquisitions and divestitures
In summer 2003, France Télécom sold a 48% shareholding in Telecom Argentina, which it had jointly run with Telecom Italia, to the Argentinian Werthein family. FT now holds only 2% of the firm. In 2003 FT sold CTE El Salvador.
In August 2005, FT acquired a 77% ownership in the Spanish mobile phone company Amena, rebranding it Orange España.
In December 2006, France Télécom announced the acquisition of DIWAN and SILICOMP specialized on the Customer Critical Application (CCA) and Security for enterprises.
In November 2007, FT announced it had acquired a bid to secure 51% of Telkom Kenya's shares from the Government of Kenya, but will have to bring about 11% of shares back out onto the market three years following the deal.
In June 2008, the firm abandoned a €27 billion bid for Swedish operator TeliaSonera after the two companies failed to agree terms.4
On September 8, 2009, Orange and T-Mobile parent Deutsche Telekom announced they were in advanced talks to merge their UK operations to create the largest mobile operator with 37% of the market. It is unclear the future of either brand when such deal is completed in November.5
Subsidiaries
France Télécom is a communications access provider offering customers access through multiple platforms. The four key platforms France Télécom operates are:
- fixed line telephone, mainly in France and Poland.
- broadband access.
- mobile phone telephony.
- most recently, IPTV, though currently only in France and Spain, with MaLigne TV, now known as Orange TV.
France Télécom has already begun merging the different internal divisions managing each platform and they now almost all operate under the Orange brand.6
France Télécom is present in the US through its Equant enterprise services and its venture capital arm, Innovacom as well as two R&D labs: one in Boston and the other in South San Francisco, California.
OpenTransit is France Télécom's backbone network. It covers Europe, the United States, Japan, Hong Kong, and loops back to Paris.
GlobeCast is the world largest provider of transmission of satellite and production services for professional broadcast, online content and enterprise multimedia. GlobeCast World TV is a division of GlobeCast.
In 2004, France Télécom is likely to have to pay back €1 billion in alleged unlawful subsidies (in breach of state aid rules) it received from the French government, following an 18-month investigation by Mario Monti, the EC Competition Commissioner. It is understood that both France Télécom and the French government are appealing this decision.
The former CEO of France Télécom Thierry Breton was appointed in 2002 after leaving his previous company Thomson SA (formerly THOMSON Multimedia SA, owner of the legendary American brand RCA) where he served as the CEO. On February 25, 2005, he was appointed Minister of Finance and Industry and replaced as CEO by Didier Lombard, who had been head of the firm's new technologies division.7
France Télécom R&D
France Télécom R&D is the research and development division of France Télécom.89 This division was derived from different ancient entities, such as CNET (Centre national d'études des télécommunications) created in 1944, the CCETT created in 1972, as well as other entities.10111213 Since 2007, France Telecom R&D is also known as Orange Labs, a global network of R&D entities.1415
CCETT/France Télécom R&D contributed to various international standards, such as ISO/IEC MPEG16 and JPEG standards or DAB and DVB standards.171819202122 CCETT, IRT and Philips developed a digital audio two-channel compression system known as Musicam or MPEG Audio Layer II (Emmy Award in Engineering 2000).232425
Staff suicides
Between the beginning of January 2008 and the end of January 2010, thirty-four France Télécom employees committed suicide, some leaving notes blaming stress and misery at work. In October 2009, the wave of suicides led former Deputy CEO Louis-Pierre Wenes to resign under trade union pressure, to be replaced by Stephane Richard.2627 Faced with repeated suicides, the company promoted Stephane Richard to chief executive officer on 1 February 2010, while Didier Lombard will remain as chairman.28
The suicide rate among France Télécom's 102,000 domestic employees is 15.3 per year, compared with an average of 14.7 suicides per 100,000 in the French population as a whole.29
Head office
Its head office is in Place d'Alleray in the 15th arrondissement of Paris.30 The building has been the head office since 1998. Eight hundred employees work at the site.31
See also
- Orange (brand)
- Centre commun d'études de télévision et télécommunications (CCETT), now part of France Télécom R&D
- List of French companies
- Minitel
References
- ^ a b c d e f "Annual Results 2009". France Télécom. http://www.francetelecom.com/en_EN/finance/invest-analysts/cons-results/att00014504/CONSOLIDATEDSTATEMENTS200912FRANCETELECOM.pdf. Retrieved 2010-03-13.
- ^ Mekay, Emad (5 April 2008). "France Telecom Wins Controlling Stake in MobiNil". Bloomberg. http://www.bloomberg.com/apps/news?pid=20601085&sid=aHWRv7uy7gJc&refer=europe. Retrieved 2009-04-06.
- ^ "Shareholding structure". France Télécom. http://www.francetelecom.com/en_EN/finance/stock/shareholder-structure/index.html. Retrieved 2009-04-06.
- ^ Gow, David (1 July 2008). "TeliaSonera: France Télécom hangs up on Swedish operator". The Guardian (London). http://www.guardian.co.uk/business/2008/jul/01/telecomindustry. Retrieved 2009-04-06.
- ^ "T-Mobile and Orange in UK merger". BBC News. 2009-09-08. http://news.bbc.co.uk/1/hi/business/8243226.stm. Retrieved 2010-05-02.
- ^ "Wanadoo is to make way for Orange". BBC News. 29 June 2005. http://news.bbc.co.uk/1/hi/business/4635097.stm. Retrieved 2009-04-06.
- ^ Ruitenberg, Rudy (27 February 2005). "France Telecom Names Lombard Chief Executive, Replacing Breton". Bloomberg. http://www.bloomberg.com/apps/news?pid=10000085&sid=aWQM6cGZu.Uw&refer=europe. Retrieved 2009-04-06.
- ^ "Bienvenue au CNET - centre de R&D de France Télécom (archived website)". 1996. http://web.archive.org/web/19961222130140/http://www.cnet.fr/. Retrieved 2010-08-03.
- ^ C. Schwartz, D.Frossard (1997) (PDF), R&D management, TDF Customer- and product-oriented expertise, http://www.ebu.ch/en/technical/trev/trev_273-tdf.pdf, retrieved 2010-08-01
- ^ "CNET - a half century of innovation (archived website)". 2008. http://web.archive.org/web/20080612081852/www.cnet.fr/accueil_a.html. Retrieved 2010-08-03.
- ^ "Expanding the offer of France Telecom and TDF (archived website)". 2001-04-20. http://web.archive.org/web/20010420003358/http://www.ccett.fr/eng/01a.htm. Retrieved 2010-08-01.
- ^ "CCETT - Joint Reseach Center for Broadcast and Telecommunications (archived website)". 1997. http://web.archive.org/web/19970703215943/www.ccett.fr/welcome.htm. Retrieved 2010-08-01.
- ^ "EBU Technical Review - Digital Audio Broadcasting (DAB)". 2001. http://www.ebu.ch/fr/technical/trev/trev_287-bookshelf.html. Retrieved 2010-08-01.
- ^ (PDF) SVC - a highly-scalable version of H.264/AVC, 2008, http://www.ebu.ch/fr/technical/trev/trev_2008-Q2_svc-kouadio.pdf, retrieved 2010-08-01
- ^ Olivier Corredo (2007-01-19). "France Telecom R&D devient Orange Labs". http://www.lemondeinformatique.fr/actualites/lire-france-telecom-retd-devient-orange-labs-21870.html. Retrieved 2010-08-01.
- ^ "CCETT - Welcome to the CCETT's MPEG Audio Web Site (archived website)". 1997. http://web.archive.org/web/19970414035829/www.ccett.fr/audio/c7_audio.htm. Retrieved 2010-08-01.
- ^ (PDF) Des élaborations collectives - Le pôle de compétitivité - Images & Réseaux, 2006, http://www.annales.org/ri/2006/fevrier/rannou.pdf, retrieved 2010-08-01
- ^ Leonardo Chiariglione (2005-03-08). "Riding the Media Bits - MPEG's third steps". http://ride.chiariglione.org/faultline.htm. Retrieved 2010-08-01.
- ^ Leonardo Chiariglione (2005-03-17). "VADIS FINAL PROJECT REPORT". http://leonardo.chiariglione.org/projects/vadis/index.htm. Retrieved 2010-08-01.
- ^ Wolfgang Hoeg, Thomas Lauterbach, Digital audio broadcasting: principles and applications of DAB, DAB+ and DMB, http://books.google.com/books?id=T0KSa6w3qH4C&lpg=PA6&ots=qLweQ81lc-&dq=ccett%20dab&pg=PA6#v=onepage&q=ccett%20dab&f=false, retrieved 2010-08-01
- ^ "`STERNE': the CCETT proposal for digital television broadcasting". 1992. http://ieeexplore.ieee.org/Xplore/login.jsp?url=http://ieeexplore.ieee.org/iel3/1195/4203/00160472.pdf%3Farnumber%3D160472&authDecision=-203. Retrieved 2010-08-01.
- ^ "DVB Project - List of Members - TDF". http://www.dvb.org/membership/list_of_members/50237/index.xml?id=. Retrieved 2010-08-01.
- ^ (PDF) National Academey of Television Arts and Sciences, Outstanding Achievement in Technical/Engineering Development Awards, http://www.emmyonline.tv/tech/applications/engineering_award_winners_rev3.pdf, retrieved 2010-08-01
- ^ [experiments aimed at mobile receivers were first carried out by France's Centre Commun d'Etudes de Teledif-fusion et Telecommunications (CCETT) in 1984. "Monitoring research 11 Sep 97 - Analysis; What's new on the DAB front?"]. BBC Monitoring. September 11, 1997. experiments aimed at mobile receivers were first carried out by France's Centre Commun d'Etudes de Teledif-fusion et Telecommunications (CCETT) in 1984.. Retrieved 3 August 2010. "experiments aimed at mobile receivers were first carried out by France's Centre Commun d'Etudes de Telediffusion et Telecommunications (CCETT) in 1984."
- ^ "CCETT - DAB : Digital Audio Broadcasting (archived website)". 2001-02-11. http://web.archive.org/web/20010211120613/http://www.ccett.fr/eng/03b2.htm. Retrieved 2010-08-01.
- ^ "France Telecom talks with unions on suicide spate". Reuters. 2009-10-07. http://www.reuters.com/article/managementIssues/idUSL711729320091007?pageNumber=1&virtualBrandChannel=11604.
- ^ Chrisafis, Angelique (2009-09-09). "Wave of staff suicides at France Telecom". The Guardian (London). http://www.guardian.co.uk/world/2009/sep/09/france-telecom-staff-suicides-phone. Retrieved 2010-05-02.
- ^ Matthew Campbell (2010-02-01). News: "France Telecom Names Richard CEO; Lombard to Remain Chairman". Business Week. http://www.businessweek.com/news/2010-02-01/france-telecom-names-richard-ceo-lombard-to-remain-chairman.html News:.
- ^ Sage, Adam (23 September 2009). "Why are France Télécom employees committing suicide?". The Times (London). http://www.timesonline.co.uk/tol/life_and_style/health/mental_health/article6844809.ece. Retrieved 2009-10-06.
- ^ "legal matters." France Télécom. Retrieved on 6 October 2009.
- ^ "France Télécom : un legs de l'administration." Le Journal du Net. Retrieved on 8 July 2010.
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