France Telecom has reported that its total customer base rose by 8% during the full year, reaching 226.3 million at the end of 2011.

However, revenues fell by 1.6% to EUR 45.28 billion (US$60 billion). Revenues were worst affected by declines in France and Poland. Excluding the impact of regulatory measures (EUR748 million), revenues were generally stable compared with the preceding year, despite the impact of the increase in VAT in France and the situation in Egypt and in Côte d'Ivoire.

Net profit also fell to EUR3.9 billion (US$5.16 billion) from EUR 4.88 billion in 2010. The drop was largely due to the disposal of assets due to the creation of the Everything Everywhere in April 2010.

Net income from continuing operations was basically flat.

CAPEX increased 3.3% year on year to EUR5.77 billion, equal to 12.7% of revenues, on a comparable basis, in line with the 2011-2013 trajectory.

Net debt was EUR 32.33 billion at 31 December 2011.