Tuesday, February 16, 2016
Orange Edges Onwards and Upwards
Orange reported a 0.1% year-on-year increase in revenues to 10.4 billion euros for the fourth quarter on a comparable basis. A decline of 5% in Poland and 0.7% in Spain was offset by growth of 2.8% in the Middle East and Africa.
Stéphane Richard, CEO of the Orange Group, said: "The number of 4G customers, which reached 18 million, has doubled in a year and we have 1.9 million fibre customers, three times more than at the end of 2014. We also have 110 million mobile customers in Africa and the Middle East, up 4.1% year on year on a comparable basis.
"This commercial momentum is the reward for our accelerated investment, which increased 9.3% to 6.5 billion euros...In Europe, our focus remains on fixed-mobile convergence, as in Spain where the integration of Jazztel has exceeded our objectives and has enabled us to create the most dynamic convergent operator in the market. As for the Africa and Middle East region, this represents a growth area for us and one in which we continue to develop and invest through our new holding company, Orange Middle East & Africa. This can be seen through our increased participation in Médi Telecom in Morocco and our recent acquisition projects in Burkina Faso, Liberia, Sierra Leone and the Democratic Republic of the Congo.
"Strengthened by our strategy and the commitment of our teams, we intend to continue this good momentum, targeting further growth in restated EBITDA in 2016 on a comparable basis." source: Orange presentation
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