France Telecom (FTE): 2012 net profit -79% to €820M, hurt by a €1.84B write-down on the value of...

|By:, SA News Editor
France Telecom (FTE): 2012 net profit -79% to €820M, hurt by a €1.84B write-down on the value of assets in Poland and other countries. Operating income -49% to €4.06B. Revenue -3.9% to €43.52B amidst a price war in France. Reiterates guidance that operating cash flow will fall to above €7B in 2013 from €7.97B; confirms plans to cut dividend to at least €0.80 in 2013. (PR)