France Telecom outlines future strategy
France Telecom will reveal its strategy for the next five years on Monday, detailing measures to streamline the business, its mobile content strategy, and acquisition targets in emerging markets.
CEO Stephane Richard presented the plan to 1,000 managers yesterday (Thursday) outlining the firm’s ambitions to upgrade its networks, and improve quality of service, French daily La Tribune reports.
However, Monday’s public unveiling is likely to be light on detail about financial aspects of the telco’s strategy, the newspaper said.
Richard has revealed few details about his strategy for France Telecom since taking the helm in March, beyond pledging to double the telco’s revenues from emerging markets within five years, and to boost staff morale following a spate of suicides.
The telco outlined its strategy to improve the mood of employees in a corporate responsibility document released last week.
At the same time, Marc Rennard, France Telecom’s African executive director, revealed the firm is eyeing up to five acquisitions on the continent over the summer, Bloomberg reported.
In May, Richard revealed the telco is willing to spend to expand in Africa, but cautioned it wouldn’t pay over the odds to do so.