It is hard to read too much into a handful of results, but in Europe it looks like pay TV is holding up the best, out of the four quad play components, with voice continuing to slide and mobile revenues under pressure, while fixed broadband competition is intensifying. These trends are all evident at Orange, formerly France Telecom, as a quad play operator, with its IPTV subs base continuing to grow and declining mobile performance contributing to overall losses. Clutching at straws perhaps Orange suggested that the worst of the mobile price war that has been raging in France for about two years is over, as indicated by stabilizing profit margins after steady decline since early 2012. Total revenue for…