By silicon.com, 26 February 2004 17:50
NEWS 26.02.1999: Orange went into operating profit last year, it has revealed in its annual results.
The news comes as the company announced the creation of 2,000 jobs to cope with the rising customer services demands it expects in the future.
The profit was reported at £15m - an improvement on the company's £51m loss in 1997. Overall losses were reduced by over £40m to £98m over the last fiscal year.
Analysts believe Orange is set to stay in profit for the next 12 months.
26.02.2004: And those canny analysts weren't wrong when they predicted good things for the France Telecom subsidiary. The mobile operator is still pushing ARPU in the right direction and according to France Telecom's CEO, Orange is a major prop for the company going forward and the mobile company is trying to push customers to use more of their phones capabilities with its latest initiative.
It's been a big week for the mobile industry as a whole, however, with the trade show 3GSM kicking off over in Cannes.
The industry has set its cap at cleaning up its image with a new alliance designed to clamp down on phone theft and dodgy content while Carphone Warehouse's top dog has been announcing has been how Nokia's 3G handsets have been flying out of the shop faster than teenage shoplifters.
For more from the show, read Tony Hallett's 3GSM diary.
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