Febrile atmosphere around Dexia announced the dismantling of which is to organize. On Thursday afternoon, the rating on the stock exchange was suspended at the request of the Belgian regulator: the action was losing more than 17% amid rumors that many French-Belgian bank was forced each time to confirm or to reverse. It will again be listed on Monday.
Dexia has confirmed to be entered into exclusive negotiations "with a group of international investors that the government of Luxembourg will attend" to sell its subsidiary private bank, the BIL (Banque Internationale à Luxembourg). This discussion has actually been mainly engaged with the sovereign fund of Qatar, several sources indicate.The Luxembourg Finance Minister, Luc Frieden, for his part, justified the participation of the Grand Duchy as a "minority shareholder" in the name of "systemic" to his country of BIL's 12 billion euros of deposits and forty traditional bank branches.
The first assignment could be raised on Saturday by the Board of Directors of Dexia, intended, according to a close case, to "calibrate the overall strategy of the division of Dexia."
This strategy is already known in outline. This is to sell every major business or large branch. Dexia will gradually emptied of its substance and its assets down to the most difficult to sell, mainly the bond portfolio of 95 billion euros and a life of thirteen years.The State guarantee French and Belgian finance Dexia and ultimately apply to "cantonment" low interest rate personal loans.
On this basis, negotiations, under pressure from the markets and financial authorities who fear a confusion between the case of Dexia and the rest of the European banking sector are extremely complex: in addition to buyers interested in a particular asset, discussion involving the management of Dexia, its shareholders and the Belgian side the French side, and the states.
Mutual distrust
However, the pattern holds only insofar as the current shareholders of Dexia are collectively responsible. The centrifugal forces exerted, especially in Belgium, must be curbed. Thursday, pushing the Belgian regions, according to local press, a scheme of demerger of the retail DBB (Dexia Bank Belgium).
Seen from France, the idea goes wrong, since the ultimate goal of the operation is that the sale of assets – DBB is a price – reported enough money to build the hive and absorb as much as possible losses that would otherwise eventually be collected by the states.
The mistrust is mutual. On the Belgian side, Prime Minister Yves Leterme has hammered yesterday that his country did not intend to be alone with Dexia on the arms. "We must continue to fund all the past, and we will not do it alone," said the Finance Minister Didier Reynders. On this side of the border, negotiations continue on the transfer of the portfolio and lending activities to local authorities in the Deposit and La Banque Postale.
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The "outstanding contribution to the very high income" will not remain as is. Originally the government planned to implement from 2012 a new levy of 3% of the income exceeding EUR 500,000 per year and revenue per unit. It is this threshold in the draft budget law presented Wednesday. But Sunday, the budget minister, Valérie Pécresse, said she was open to a compromise with legislators, who for several weeks argue for a lower threshold.
In fact, the government is prepared to accept that the tax is triggered from 250,000 euros per unit. The level advocated by the current UMP Presidents of the Assembly and Senate, Bernard Accoyer and Gérard Larcher. "This is a good level of understanding," they say in the entourage of Gilles Carrez, the rapporteur UMP budget to the Assembly. The draft budget law will be amended in October this.And review, the tax will yield € 300 million to the state, instead of 200 million. It will affect 15,000 to 20,000 homes in 5000 to 10,000 against the original.
Specifically, if the amendment passes, the contribution will trip from 250,000 euros in annual revenue for a single and EUR 500 000 for a couple. For now, it is expected that having a child or children shall not be entitled to any share in the calculation of the contribution.
Regular income concerned
Another difference with the Income Tax (IR): the contribution of 3% apply to "income tax reference." This "reference taxable income" includes wages, but also dividends, interest, capital gains and estate securities short, capital income. "This makes the contribution on very high incomes more effective than the creation of an additional 45% of IR.Indeed, the IR is such that capital income would escape taxation at 45% and would remain taxed at 19%, "said Gilles Carrez.
The government hoped that only households with high incomes are regularly taxed. This is to prevent a dealer who sells one year his business pays the contribution. For this, the income taken into account for the outbreak of the tax will be calculated as an average over three years. This will be discussed, Gilles Carrez wanting only the capital gains are smoothed over three years. The contribution should go out when the deficit below 3% rise in GDP, that is to say in 2014. But many outstanding taxes have been made permanent …
After the 2010 reform, pensions should not be a real issue this year in the budget of the social security system. In fact, the main novelty of this result to come Woerth reform: the legal age will increase to 60 years and 8 months for those born in 1952. The other change was as expected since it corresponds to Nicolas Sarkozy's commitment to increase the "small pensions" by 25% during his five-year term: this will be done on April 1, with a final increase of 4.7 % of the minimum pension for single people.
But Thursday, François Fillon has caused confusion. Referring to the economic convergence between France and Germany, he said that things were moving in the field of corporate tax.He added: "It will take time to go to a joint work towards a common retirement age, to a gradual convergence of economic and social organization of our two countries." But the retirement age with full pension, except for long careers, will be increased to 67 years across the Rhine by 2029.
"Target needed '
Trial balloon of "Fillon-the-discipline"? Clumsiness (this passage was the only improvised his speech)? Applies to defuse his entourage: "Convergence is a general purpose necessary to maintain the competitiveness of France. The recent pension reform is an element of social convergence, and the government does not intend to go beyond in the coming months, "says an adviser.And up, tongue-in-cheek, that the barrier of 67 years had not been mentioned, and that convergence might as well be on "our" 62 years installment payday loans…
In fact, it would be difficult for the Prime Minister to explain that further reform is needed, a year after he hammered the previous balance the books. But in the midst of primary socialist and the day of the budget of the social security, his statement could hardly go unnoticed. For François Hollande, Fillon "revealed the program of Nicolas Sarkozy" in 2012. Segolene Royal accused her of "not being honest", the systems are so different that any comparison between the 67-year German and French 62 years is risky.Exact to the point that Valerie Pécresse also used the argument to play the controversy, noting that the retirement age without financial penalty for people without all their quarters of contribution, would be increased from 2023 in France … in 67 years.
These subtleties have also pushed Martine Aubry to say that the Prime Minister does "not know the subject" and "has a problem with the actual figures." What afoul of Xavier Bertrand: "She would have done better to remain silent. If there is one subject on which the PS has done nothing, other reports and reports of decisions, it's pensions, "responded the Minister of Labour.
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The CAC 40 is unable to bounce back on Monday. The benchmark index of the Paris Stock Exchange, which closed Friday on the day of a severe fall of 3.6% continues this trend. At the opening, he gave up 2.41% to 3072.51 points. The movement is the same in the rest of Europe in London, the FTSE-100 index lost 1.43%, in Frankfurt the Dax was down 2.32% and 2.22% loose up Milan.
The first global economy has fueled fears of a global slowdown by announcing Friday it had no jobs created in August, while analysts expected 70 000 net hires. "The U.S. employment figures for August suggest that the labor market seems to be moint death," said Victor Shum this morning, an analyst at Purvin and Gertz in Singapore.
Following this announcement, Wall Street closed on a sharp drop of more than 2%.U.S. markets will do on Monday with European stock any procedure they will remain closed for Labor Day (Labor Day observed every first Monday of September). "Wall Street remains closed doors, it seems unlikely that operators take the slightest risk," said Chris Weston, an analyst at IG Markets.
Asian stock markets have instead given with a negative pulse of the market in red. Operators in the region have learned that HSBC index of purchasing managers in the Chinese sector services slowed to an unprecedented low in August. Seasonally adjusted and calculated by the Institute Markit, it fell to 50.6 after 53.5 in July.
No other indicator may move the index is also expected on Monday.One highlight of the week will be the release of the Beige Book Fed on Wednesday night, which will be the summary of economic conditions in regions in the United States.
No recession expected in Europe
The side of the euro area, European Commission President Jose Manuel Barroso, has tried to reassure investors. Traveling in Australia, he said that the European economy would experience in the coming months a "moderate growth" without going into recession. "We do not anticipate a recession in Europe. The latest forecasts from the European Commission show that the growth will be at the meeting, although this growth will be moderate, it is true, "he said in Sydney.
The comments of the Head of the EU executive echoed the lowering of forecasts rating agency Standard & Poor's for the European economy last week.The decision to resurface concerns about the health of the area and the problems of sovereign debt. "We do it all, the fight against fiscal problems underlying the strengthening of the governance of the eurozone, the introduction of stricter financial regulation to improve our overall readiness" said José Manuel Barroso.
In morning trading, the euro rising slightly against the dollar at 1.4160 dollar. However, it is dropped in morning trading to a low of three weeks, at 1.4138 dollars against 1.4198 at Friday close in New York.
For their part, oil prices were down in electronic trading in Asia, depressed by the poor figures on employment in the United States.A barrel of "light sweet crude" for delivery in October lost 59 cents to 85 pay day advance.86 dollars per barrel of Brent North Sea crude for October delivery 74 cents to 111.59 dollars.
The bank attack
The President of the French Banking Federation (FBF), François Perol, recognizes the existence of tensions on the refinancing of French banks for their operations in dollars, already noted in a recent analysis by the rating agency Moody's Investors Service. In an interview with Les Echos dated Monday, he notes that if "the euro liquidity is not a problem," "the dollar refinancing is more tense."
Societe Generale lost 5.26% to 21.05 euros (largest decrease in the ACC).The bank is also penalized by the U.S. federal agency oversight of mortgage that has filed a complaint Friday against 17 major international financial institutions which include the French bank, for a total loss of $ 41 billion in bonds linked to subprime.
In its wake, BNP Paribas lost 4.98% to 31.75 euros, Crédit Agricole 3.67% to 5.95 euros and 3.09% at Axa 10.20 euros. Natixis lost 3.87% to 2.60 euros. The aerospace equipment Safran (-2.78% to 26.25 euros) will make its entry into the CAC 40 index, while the bank Natixis is about to leave, said Friday the Scientific Council of the indices of NYSE Euronext. The changes take effect Sept. 19.
Saft takes off
EDF: -2.70% to 20.38 euros
The Italian Minister of Industry, Paolo Romani, said Sunday he would meet Monday Proglio about the power company Edison.
ArcelorMittal: -2.87% to 13.72 euros
Peabody Energy and ArcelorMittal announced Monday it had extended until September 27, the period during which the short bid for $ 5 billion (3.53 billion euros) on the Australian Macarthur Coal.
Zodiac: -1.67% to 54.20 euros
The group said it had completed the acquisition of the American Heath Tecna and have reached an agreement with its banks to raise 300 million euros the amount of an existing credit line.
Schneider Electric: -4.80% to 41.89 euros
The French government intervened with the company to freeze a plan for the removal of one.000 temporary positions, the daily Liberation in its Monday edition, but the group has firmly denied to AFP such a plan.
Saft: 9.81% to 23.96 euros (largest increase in the SBF 120)
The American automotive supplier Johnson Controls will pay $ 145 million (102 million euros) to the French specialist in batteries as part of an amicable agreement ending their joint venture in the automotive industry, announced Friday the two groups in a joint statement.
Alstom: -4.07% to 29.55 euros
The group signed a 66 million euros with Iraq to build a power plant in the province of Nineveh in the north, said the Iraqi Minister of Electricity.
France Telecom: -1.87% to 12.33 euros
TPSA its Polish subsidiary has announced to contest the fine of 128 million euros that inflicted the European Commission.
After market, environment and Dried Assystem unveil their first-half results.
Site managers have the smile of memory. While attendance at places recalling the two world wars is rising, the events will be even more gratifying. In 2014 will indeed be celebrating the centenary of the beginning of the First World War. A great event that is expected to attract many visitors, French and foreign.
A study Trump France on the economic weight of this sector, 56% of managers has provided for very short-term investments to enlarge the reception area, improve the scenery of the place, upgrading showrooms or implement new services such as mobile applications.At the Douaumont ossuary, in Lorraine, where a cemetery pays tribute to fallen victims of the Battle of Verdun, the projects are already defined: "We expect the complete renovation of the monument which will be subsidized by the state, region and department. New exhibits will also be installed, "said one official.
The Museum of the Great War in Peronne, efforts will focus on the renovation media: "we will launch the iPhone and Android affecting up to visitors. They will be more useful in 2014 when more people will be equipped smartphones, "said Karine Loison, Cultural Attaché of the museum. "These are important tools to enhance exhibitions, highlighting items that we keep in reserve, which allows video recording, interactive courses for children," she adds.Other changes to the program, including signage and the replacement of audio-guides "a little tired," will be detailed to the public on the museum site in September. "We must prepare for this year 2014 will be very important," said Karine Loison.
"Hang the young"
More massive investments will even give rise to new infrastructure. Among the flagship projects include the opening and in the country of Meaux (Seine-et-Marne) Museum of the Great War of 7000 square meters, which will use the latest technology no teletrek payday advance. It was inaugurated on 11 November. "It's both a museum of history and society, to help understand the contemporary world," said the mayor of Meaux, Jean-Francois Cope, at the First Assembly of remembrance tourism held in Senate in May
"It should also be noted that France has the remains important in its territory that must develop, enhance," says Joseph Zimet, deputy director of the memory of the heritage and archives of the Ministry of Defence, which states that scarcity of witnesses is also one of the reasons why managers to invest to preserve the memory of these places. The longer term objective is clear: "hang the younger generation" a duty to remember. "The 100th anniversary will take place in the heart of the miracle of peace in Europe, to be put forward," said Daniel Percheron, President of the Regional Council of Nord / Pas-de-Calais, which emphasizes "the universal dimension" of the event.
Meanwhile, the management of memory and heritage archives of the Ministry of Defence hopes to establish a tourism observatory memory and perpetuate the appointment of foundation organized around its players. The next will be held in Lille in 2013.
SEE:
"The site interdepartmental www.cheminsdememoire.gouv.fr, which lists all the important memorial sites in France.
"The video presentation produced by the Ministry of Defence and projected opening of the Assembly of Tourism Memory:
On the paths of Memory: MEMORY FOUNDATIONS OF TOURISM davbon99 from on Vimeo.
French hopes of a major Airbus order from American Airlines had started to be felt on June 30. An article in the Wall Street Journal announced an order in effect prior upcoming 250 aircraft from European aircraft manufacturer with the third largest global airline industry .*
These hopes were not disappointed. The official announcement has fallen American Airlines places order for 460 Airbus A320 aircraft with 260 and 200 Boeing 737. This is a record contract in the history of aviation from AMR. Even better, some 365 options on Airbus against Boeing's 100 for those raised. This is a turnaround in favor of Airbus fleet since the American company did not count any European aircraft since 2009."Airbus Boeing enters a pure client, there is a 'mix' Neo A320 and A320, which responds to the risk of cannibalization between the two devices," said Yan Derocles, an analyst at Oddo Securities.
The options are for delivery in 2025, while orders already confirmed will be made within two to eleven. So far, Airbus continues its momentum in the Paris Air Show. Indeed, in June, two historical controls had already been reached: the Malaysian company Air Asia going contract for 200 copies of the Neo-A320 for a total of $ 18 savings account payday advance.2 billion, while Indian IndiGo in seeking 150.
The A320 shares to glean Neo 737
Strategically, American Airlines hires a phase of renewal of its fleet and intends to reduce its fuel consumption.In fact, the company looks to new generation aircraft, whose engines are designed to consume a minimum of oil. Airbus, the A320 Neo meets this requirement and just walking on the toes of the Boeing 737 Next Generation, delivered since late 2010. Neo The A320 should be available by 2015. American Airlines will be the first U.S. company to deploy this aircraft.
However, the amount of the order was not disclosed, while the company saw the amount of its net loss increase during the second half of 2011, reaching $ 286 million more than estimated by analysts. In addition, the suspense continues as to the entire command must pass Air France KLM during the summer. She will choose only European aircraft? Stay tuned.
* Number of passengers / km, according to IATA.
The CAC 40 is expected to resume on Friday after his heavy fall of more than 2% Thursday night. Markets should appreciate the calming of the Greek case. While Europe has promised a new plan Thursday to save Greece, while maintaining the pressure to Athens in exchange for adopting an unpopular austerity program, Greece, she has reached an agreement with international donors on the final details of a new austerity plan, whose adoption in parliament expected next week.
Moreover, the French Minister of Economy Christine Lagarde was released Thursday in Washington visibly relaxed in his great oral before the Board of the International Monetary Fund, which shall designate within a week its new CEO.She assured that she would not be lenient with European countries if it took the head of the institution.
In France, INSEE said that growth will wait for 2.1% in 2011. The first months left on the ground running, with a 1% growth in the first quarter but spring is marked by a strong downturn in part because of the end of the scrapping a car that plunged household consumption, in the face of any support in the international environment.
Oil has won
All eyes will also look to the monthly survey of French consumer confidence survey for June, to be published by INSEE 8:45.In Germany, the Ifo barometer (10 hours) followed, while the U.S. side, durable goods orders will be scrutinized closely.
Meanwhile, the euro stagnated this Friday morning (0.02% to 1.4268 dollar) while the side of commodity markets, the last few hours were hectic. Yesterday, the price dropped $ 5 in New York, at $ 90 and $ 7 in London. A decline caused by the International Energy Agency that surprised by deciding to draw on its stocks to supply the market.
EADS not "indifferent" to an approximation Thales / Safran
After a week early for professionals, the Paris Air Show opens Friday for three days the general public who can see the stars in flight aviation such as the A380 or the Rafale fighter absolutely free credit score.The 667 contracts announced four days propel the Airbus order book of European best-seller, the A320 Neo, over 1000 copies. In total, Airbus set a new record high with 72.2 billion dollars in contracts.
In addition, EADS can not remain "indifferent" to a rapprochement between Thales and Safran, two major suppliers, said Thursday on radio BFM Business Marwan Lahoud, Chief Strategy Officer of European aerospace group.
Bernard Charles, CEO of the world leader in 3D software, Dassault Systems, told the BBC that the aviation economy is on the verge of a revolution.
The Nuclear Safety Authority (ASN) denounced a "deliberate process" of non-reporting of accidents at the site of the Flamanville (Manche), particularly on the part of Bouygues, in a report revealed Friday by humanity.
Vinci has signed a new syndicated credit line of four billion euros in five years, two options to extend for one year to fund the general needs of the group. This new facility replaces several existing credit lines not drawn, maturing in 2012, a total of 3.685 million euros.
PSA declined to commit to a future timetable for its plant at Aulnay-sous-Bois (Seine-Saint-Denis), said the CGT.
Société Générale.Bank unions have denounced a draft direction to reduce the incentive and incentive to be paid to employees in 2012.
Areva has announced a new joint venture in nuclear power in China. The nuclear group has signed a contract for the supply of instrumentation systems from the heart of two reactors at the plant Ningde.
Sanofi has obtained the green light Thursday of the health authorities of Canada to put his cancer Jevtana on the market.
The slump experienced by the Carrefour share in recent days is likely to facilitate even further the group's general meeting on Tuesday. Carrefour's shareholders must in fact decide on the demerger of Dia, the sign of hard discount group, the independent rating is scheduled for early July in the Madrid Stock Exchange. Carrefour's management motivates this project by the lack of synergies between Dia and the rest of the group, and a willingness to focus on Carrefour (Planet, Market, City, Contact …). If the split is approved, each shareholder will receive shares of Carrefour Dia, a company that alone could be worth at least 4 billion euros.
This vote, however, will crystallize the tensions accumulated during the past few months hectic for the distributor.The group has already had in early May, to bracket his other draft terms of division, the 25% stake in its real estate subsidiary Carrefour Property. This 100% Dia does not unanimously. The transaction is certainly strong, if not driven, by Blue Capital, the holding company common group Arnault and Colony Capital, which is the largest shareholder in Carrefour, with 14% of the capital and 20% of the voting rights. The fund Knight Vinke (1.5%) is also favorable.
What is the position of other shareholders? Halley family (founders of Promodes, which merged with Carrefour in 1999) owns approximately 10% of the capital. Some of its members would quietly campaigning against the split of Dia, creative in their view of a direct competitor to Carrefour Spain. Among the heirs of the founders of Carrefour, also head of more than 10%, Thierry Defforey took a stand against, but as individuals.Members of two families each vote as they wish: we can not speak or block in one case or the other pay day loans.
Appearance of floating
The question is how institutional investors vote, much in demand by both sides in recent days. The split must be approved by over 66% of voters to be ratified.
The vote of the General Assembly will determine the CEO Lars Olofsson, weakened by the disappointing results, but also for Blue Capital, the maneuver at Carrefour since his arrival in the capital early 2008 (at an average price per share of around 53 euros). For the holding, the division of Dia is a means to better demonstrate, finally, the share value Carrefour.
Shareholders, including those of employees, will benefit from the appointment on Tuesday to demand an explanation on the appearance of uncertainty that prevails at Carrefour.After two profit warnings last year because of Brazil, and another this year, the group said Thursday of bad news on the results in the first half.
The turnaround of Carrefour Property added to the doubts. Just as the instability of management. Several senior executives recruited by Lars Olofsson left the group. After the departure of James McCann, the chief had promised to be directly involved in the recovery, priority of the activity in France, before naming the day before yesterday a new boss … and financial communication is in keeping. Not to mention the open front in Brazil, where Carrefour seems to invite in Pao de Acucar, the partner of rival Casino.A move that could have been hailed as audacious, but was revealed at a time when the distributor promised to focus its forces on its French hypermarkets …
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Whoever does not pay pockets. According to The Echosce Monday, the UMP would favor the principle of taxation of companies that pay wages to their employees outside the norm instead of fixing an additional tax for very high incomes. This is to discourage entretreprises to pay fees too high, as is the case for the 50% tax on the traders' bonuses. "The idea is (…) to treat the problem at its source, a disincentive for companies to pay compensation aberrant, rather than trying to correct the situation then by taxes," said an elected majority in a maintenance business daily.
The majority remains divided on the threshold, beyond which the tax should be levied.For many UMP deputies, the threshold should be set at 150,000 euros per unit, while others, like Pierre Mehaignerie, advocate the taxation of income in excess of 1 million euros no checking account payday advance.
The definition of the Tax Code regarding salaries "excessive" is not very clear and now it is more applicable to the bosses of SMEs and large companies. It would therefore define the notion of "excessive compensation" based on wage policy and business sectors. A working group will floor on this subject during the summer to give a decision in September.
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P & T are back! As of Monday, fetching their stamps to the Post, the French can also buy a mobile phone package. After Virgin, Auchan, NRJ and the CIC, La Poste launched into the deep end of the phone and returned to his first love. The group will formalize its new offer on Monday morning for the general public in an office of the seventh arrondissement of Paris.
The state shareholder of the Post Office insisted that the tariffs encourage the purchasing power. The offer is built packages blocked packages "voice" and SMS packages and web. Their prices will be aggressive, with voice plans starting from 10 euros a month for 30 minutes or SMS packages, Internet, unlimited emails from 21 euros for two hours, depending on the comparator EDCOM Internet. To bring prices down, the Post Office will be offering "naked" without a phone, with a package in return for cheaper.It should thus not to market the iPhone.
For the Post, this launch is strategically at a time when mail volumes are declining. It comes as the group announced the refocusing of its business in offices on its historic businesses: mail, parcels and bank. Finished stationery, gift boxes, DVDs, books …
La Poste, which is already the leading provider of prepaid cards in France with 500,000 customers and 120 million euros of turnover, is 800,000 mobile customers in 2012. She wants to reach 2 million customers and 500 million euros in turnover in 2015. "This project does not create jobs, worries already Nicolas Galepides, Federal Secretary at SUD-PTT.If this is not the expected success, what will happen to the 3,000 officers who have now agreed to spend most of their time selling phones? ".
Partnership with SFR
In Italy, Poste Italiane has made the same bet, betting also on the strength of its network of 14,000 outlets. In 2007, she launched PosteMobile, becoming the first postal operator in the world to get into the mobile best payday advance. Today PosteMobile claiming almost 2 million SIM cards and a first gain of 5.5 million euros last year. "Apart from the Italian Post, no other major European position has not launched a large scale in mobile telephony," said Guillaume Lacroix, director of postal operations to Arcep. But it is quite logical.French and Italian positions are the only two to have retained the business of banking and at the same time, a very important office network that requires them to develop new activities to absorb heavy fixed costs. "
The Post, which has no network telecom borrow the SFR, with whom he established a joint venture: Post Mobile. Why SFR assistance he and a competitor to gain a foothold in the market? On the one hand, it will affect the profits of the joint venture on the other hand, he will receive the rent for the lease of its network. On the other hand, the great rival SFR is not feared by the Post, which enters the bottom of the market, where positions are held securely. It's Free, who will attack the top market, where the battle is still alive.Finally, SFR, rather strong in the cities, the Post hopes to make its armed campaign to conquer and to counter Orange.
The main advantage of the mobile unit is in fact a network of 17,000 outlets gill France. Tenders will be initially available in the 1000 largest post offices. But the biggest reservoir of customers lies more in rural areas. One key to the success of La Poste Mobile is also the speed at which it will be able to extend its offer for its entire distribution network.
Another issue: what is the role of La Banque Postale in this adventure? It seems for the moment few involved. Yet the success of CM-CIC Mobile, which just passed the 900, 000 active clients and 200 million euros of turnover, showing that banks are legitimized to sell the mobile. And the bank leverage, it could attract young people.
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