The French industrial group Bouygues has reported its financial results for the year ended 31 December 2011, including those for its telecommunications subsidiary and France’s third mobile operator, Bouygues Telecom. Sales for the telco unit stood at EUR5.74 billion (USD7.71 billion) in 2011, up 2% from EUR5.64 billion the year before. Earnings before interest, taxation, depreciation and amortisation (EBITDA) was negatively impacted by the cut in mobile termination rate differentials, falling 7% to EUR1.27 billion, while net profit was down 17% to EUR370 million
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OVETEL Bouygues sees sales rise in 2011, but expects declines this year
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