Related topic - French telcos. This is how to “postpone” fast rising for orange..... (Just another empty/fake “news” arrived. Actually well expected and absolutely natural fall of overpriced Iliad has very little to do with higly undervalued orange):
Shares in French mobile telecom operator Iliad sink 8.4 percent as
a war between telecoms operators in France heats up, with rival Bouygues Telecom unveiling a cut-price bundle offer on Wednesday.
Bouygues Telecom's offer includes television, Internet and unlimited calls to landlines for 19.99 euros a month, hitting back at Iliad, which sparked a price war in 2012 by launching a low-cost mobile service.
"Iliad stock was due for a correction, fund managers have been a bit
complacent, as if the company could continue to nibble at rivals' market shares without any counter-offensive on their part," a Paris-based trader says.
Shares in other French telecom groups, Orange and SFR parent
Vivendi also drop, losing 2.8 percent and 1.1 percent respectively.
Shares in Bouygues, which strongly rallied at the open after the group posted positive results, trims gains in late morning trade, up 1 percent.