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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 13, 2020

Orange Buoyed By Cloud and Security

Orange reported a 1.1% year-on-year rise in revenues for the fourth quarter of 2019 on a comparable basis to 11.1 billion euros. Across 2019, revenue rose 0.6% boosted by "very strong momentum in Africa and the Middle East", a "solid performance in Europe and the return of growth in enterprise."  Orange said these factors "more than compensated for a very slight decline in France of 0.3% and a decline in Spain of 1.5% in 2019 due to that market's shift towards low cost."

Orange also reported that IT and systems integration activities' share of enterprise revenues climbed two percentage points to reach 37.2% in 2019.  "This increase reflects the performance of cloud and cybersecurity services, where Orange has become a European leader thanks to the acquisitions of SecureData and SecureLink," the operator said.

At the end of 2019, Orange Bank had over 500,000 customers, including 390,000 account holders in France. It has also been launched in Spain. Meanwhile, the video-on-demand service OCS Go now has 3.1 million customers. source: Orange collateral

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