France

T-Mobile loses 77,000 subscribers; France & Deutsche Telecoms signs joint venture

Germany's Deutsche Telekom said that T-Mobile USA lost 77,000 subscribers during the third quarter, bringing its dollar revenues down by 2.3 per cent year-on-year to $5.4 billion.

T-Mobile lost 140,000 customers and gained 63,000 customers during the third quarter.

However, Deutsche Telekom sales jumped 3 per cent to settle at €3.8 billion, while key operating profit soared 5 per cent to €1.1 billion.

Whopping 21% stake in Eurotunnel to be taken by Goldman

For the first time in two decades, a large institutional shareholder will be held by the company that runs the undersea tunnel between England and France, after two funds handled by Goldman Sachs opted to convert their bonds in Groupe Eurotunnel into shares.

France obtains details of 3,000 French residents with Swiss bank accounts

Only a few days after France penned a new tax treaty with Switzerland, the nation received the names and details of as many as 3,000 suspected French tax evaders with Swiss bank accounts.

Eric Woerth, French Budget Minister said in an interview with Journal du Dimanche that the accounts of the 3,000 French with the Swiss bank contain around three billion euros.

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