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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 61.29

+1.0%

1:13 PM EST

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To: djane who wrote (6443)	8/12/1999 12:02:00 PM
From: djane	Read Replies (1) of 29987

France Telecom 1st half revenue up 9.2 pct Boosted by mobile, international business By Gareth Vaughan, CBS MarketWatch Last Update: 6:24 AM ET Aug 12, 1999 NewsWatch PARIS (CBS.MW) -- France Telecom SA said Thursday its consolidated revenues for the first half of 1999 rose 9.2 percent boosted by strong growth in mobile phone and international business. France Telecom's (FTE: news, msgs) first half revenue rose to $13.8 billion (12.98 billion euros) from $12.57 billion (11.8 billion euros) in the first six months of 1998. The French giant said its mobile telecommunications revenue soared 43.4 percent to $2.48 billion (15.3 billion French francs) from $1.73 billion (10.7 billion francs). The company said the bulk of this growth came from its Itineris GSM cellular service, which added 3 million subscribers in the past 12 months to reach a total of 6.9 million customers at the end of June. France Telecom said Itineris' share of the French market held firm at 49.2 percent while Itineris revenues rose 53.9 percent to 1.7 billion euros. The telecoms giant said its revenue from international business also shot-up. It rose 41.2 percent to 8.89 billion francs from 6.3 billion francs. France Telecom said this growth was mainly from the development of fixed-line activities. The group now has 1.6 million lines outside France, 783,000 of which are run by its Spanish subsidiary Uni2. The company's wireless business outside its home country now has 2.3 million subscribers through subsidiaries, which it says is an increase of nearly 50 percent. France Telecoms fixed-line revenues rose 3.5 percent to 47.9 billion francs from 46.3 billion francs. In Paris trading, the telecommunications giants shares ascended 0.95 euro, or 1.5 percent, to 65.15. * One euro equals $1.066 based on late London prices Wednesday. One French franc equals $0.162 based on London prices Thursday. Gareth Vaughan is a reporter for CBS MarketWatch in London.

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