Tuesday, April 26, 2016
Orange Continues Edging Upwards
Orange reported a 0.6% increase in revenues for the first quarter to 10 billion euros, following a rise of 0.1% in the 4th quarter of 2015 and 0.5% in the 3rd quarter (on a comparable basis). The growth was fuelled by a stronger performance in Spain, Belgium and in the enterprise division.
Stéphane Richard, CEO of the Orange Group, said: "In Europe, we doubled the number of our 4G customers in just one year, reaching 20 million. We also reaffirmed our status as the leading fibre operator in Europe where we more than doubled the number of fibre customers to in excess of 2.2 million, principally driven by France and Spain with the successful integration of Jazztel. During the quarter, we also continued the development of our operations in Africa by becoming an operator in Liberia, consolidating our presence in the Democratic Republic of the Congo and investing in Africa Internet Group, the e-commerce leader on the continent.
"Very recently, we laid the foundations for our future mobile banking services by signing an agreement that will allow us to take a stake of 65% in Groupama Banque, which will become Orange Bank." source: Orange presentation
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