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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Thursday, February 21, 2019

Africa and Middle East Bolster Orange

Orange reported a 1.4% year-on-year increase in revenues on a comparable basis for the fourth quarter of 2018 to 10.81 billion euros, up from 0.6% in the third quarter.

For the whole of 2018, revenues rose 1.3% to 41.38 billion euros. Orange said a 5.1% increase in revenues in Africa & Middle East accounted for almost half of the group's growth in 2018, driven by data and mobile financial services. Revenue growth in Spain (up 2.2%), Europe (up 1.7%) and France (up 0.9%) was driven by convergence (a combined mobile and fixed offering).

Orange CEO, Stéphane Richard, said: "Our leadership in terms of connectivity is the foundation of our well-established multi-service strategy. In terms of content, we celebrated 10 years of OCS (Orange Cinéma Séries) which now has nearly 3 million clients. In financial services, Orange Bank has attracted nearly 250,000 clients in France and Orange Money continued its strong growth to reach 14 million active clients." source: Orange statement

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