€1.2bn of that reduction in profits
Is listed against a part time working deal for employees near retirement age. They must have a lot of old staff on their books.
Telecoms is not the fat market it once was as the low spend in the UK 4G auction showed today, and Euro telco giant France Telecom has also felt the pain. The former French monopoly telco had to write down €1.84bn on units in Poland, Egypt and Romania, which was partly to blame for the hefty 79 per cent plunge in profits year-on …
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