France Telecom posts a drop of 4.4% in Q1 net profits

www.WirelessFederation.com/news: France Telecom (FT) has posted a drop of 4.4% in the first quarter profit. The drop is driven by costs related to buying programme content for its new TV service in France. EBITDA of the group plunged from EUR4.63 billion (USD6.04 billion) in Q1 2008 to EUR4.3 billion a year later, on sales which drop 2.6% to EUR12.69 billion from EUR13 billion. The revenue figure didn’t meet the estimated figure which was less than the EUR12.84 billion.