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  • Wed, Aug. 24, 5:37 PM
    • Orange (ORAN -1.4%) is denying reports that it's set a tie-up with Vivendi (OTCPK:VIVHY +0.2%) that would include taking stakes in Telecom Italia (TI -0.6%) and Canal Plus.
    • Chatter about such a deal has been rampant in the past several months, even as Vivendi firmed up its move into TI holdings. But: "Orange obviously discusses with all content players in a sector that is constantly evolving, but the group formally denies having reached any secret deal with Vivendi including Canal Plus and Telecom Italia," a spokesman told Reuters.
    • French magazine Challenges said Orange had reached a secret deal where it would buy up to 20% of Canal Plus, Vivendi's pay TV operation, and that it separately would get shares of TI that are currently owned by Vivendi.
    • After hours: TI +3.6%.
    | Wed, Aug. 24, 5:37 PM | 2 Comments
  • Tue, Jul. 19, 8:19 PM
    • Orange (NYSE:ORAN) has wrapped an acquisition of Airtel in Sierra Leone, where Airtel is the top mobile carrier.
    • The French firm closed the deal along with Senegal-based partner Sonatel, and following an agreement with Bharti Airtel it reached in January.
    • Airtel has 1.3M customers and a mobile penetration rate of about 50% in Sierra Leone.
    | Tue, Jul. 19, 8:19 PM
  • Fri, May 27, 11:00 AM
    • Orange (ORAN -1.3%) is said to be talking informally with Millicom International Cellular (OTCPK:MIICF +3.5%) in order to buy still more African operations.
    • Orange -- which has been pouring money into African expansion -- is interested in Senegal, Ghana and Chad, Bloomberg says, as well as East Africa after it sold out of its Kenyan operation.
    • Millicom had previously agreed to sell its assets in Democratic Republic of Congo to Orange for $160M. It's looking to get out of West and Central Africa and focus on its eastern holdings. “The market clearly wants an exit from Africa for Millicom,” analyst Stefan Gauffin says.
    | Fri, May 27, 11:00 AM
  • Fri, May 13, 1:20 PM
    • BT Group (NYSE:BT) and Orange (NYSE:ORAN) are rumored to consider selling off their enterprise businesses, inspired by some progress that Verizon is making in moving data centers, CTFN says.
    • Verizon was unsuccessful in selling its enterprise segment last year, but that morphed into a data center sale that still allowed for some refocus on the consumer market.
    • "Verizon's moving forward, and BT and Orange are envious," an executive tells CTFN.
    • Those businesses are large, though, and contain desirable contracts with upscale customers and government agencies. For now, BT chief Gavin Patterson says BT Global Services and BT Business are areas of expected growth. Those two segments generated a combined £9.9B in revenue last year, while Orange's Enterprise segment posted revenues of €6.3B for full 2014.
    • Now read Buy On Weakness? Analyzing Tech's 'Biggest Losers' Of Week 13 »
    | Fri, May 13, 1:20 PM
  • Thu, Apr. 7, 11:50 AM
    • Investments in Africa by Orange (NYSE:ORAN) are continuing apace, as the French telecom has completed the acquisition of Liberia's leading operator Cellcom.
    • That makes the 20th country in the Africa/Middle East region in which Orange provides service. It's handling taking over 100% of Cellcom through its subsidiary Orange Côte d’Ivoire.
    • Cellcom has 1.4M customers in Liberia, but a low mobile penetration rate (about 66%) and a population of 4.3M, presenting some strong growth possibilities.
    • Now read Orange: Tackling Emerging Markets »
    | Thu, Apr. 7, 11:50 AM
  • Fri, Apr. 1, 1:46 PM
    • Orange (NYSE:ORAN) is confirming that it's ended talks with Bouygues Telecom (OTCPK:BOUYY) that would have created France's biggest telecoms group.
    • Orange shares have slid in U.S. trading, down 4.2%. In Paris, Bouygues is down 2%.
    • "After in-depth discussions, the board of directors of Orange has concluded that an agreement regarding a possible consolidation with Bouygues Telecom has not been reached," Orange said.
    • Bouygues today was sounding a similar note of defeat, saying its board was unanimous about ending talks: "In a market where the possibility of consolidation is now ruled out for the long term, Bouygues Telecom will continue its standalone strategy."
    • The companies had set a March 31 deadline that they ended up delaying to continue talks, as their boards met separately. The deal, which would have reduced France's market to three carriers, faced numerous regulatory and divestiture challenges.
    • Now read Orange: Tackling Emerging Markets »
    | Fri, Apr. 1, 1:46 PM
  • Wed, Mar. 30, 10:53 AM
    | Wed, Mar. 30, 10:53 AM
  • Fri, Mar. 11, 9:27 AM
    • A marriage between Telecom Italia (NYSE:TI) and Orange (NYSE:ORAN) is a "fantasy," says TI Chairman Giuseppe Recchi in response to chatter that originated with Orange chief Stephane Richard.
    • Richard had said this week that he would look at an operation with TI if Vincent Bollore and France's Vivendi (OTCPK:VIVHY), TI's largest shareholder, pressed for it. But Recchi said Richard should take responsibility for floating rumors about a tie-up "that is only in his head and ... is causing effects on the media and on the market."
    • The kind of consolidation that makes sense from an industrial standpoint are national, Recchi says; with cross-border, "The only synergies are financial and not industrial."
    • Orange is also in exclusive talks today to acquire Lexsi, a European security intel services company, for its Orange Cyberdefense unit.
    • Orange shares are up 3.8% premarket; Vivendi is up 0.4% in early trading.
    | Fri, Mar. 11, 9:27 AM
  • Tue, Feb. 16, 4:09 AM
    • False alarm! It will be "at least several weeks before a decision is taken" over the purchase of Bouygues's (OTCPK:BOUYY) telecom unit, Orange (NYSE:ORAN) disclosed in a statement, shooting down a rumor from Le Journal du Dimanche that reported a deal was imminent.
    • The news comes as the French telecom monopoly unveiled a sharp rise in full-year earnings, with net income advancing to €2.9B from €1.2B in 2014.
    • Previously: Report: Orange closes in on deal for Bouygues (Feb. 15 2016)
    | Tue, Feb. 16, 4:09 AM
  • Mon, Feb. 15, 4:54 AM
    • A deal for Orange (NYSE:ORAN) to take over rival Bouygues (OTCPK:BOUYY) is imminent and a preliminary agreement could be presented tomorrow, Le Journal du Dimanche reports.
    • Over the weekend, Orange conducted intense talks with French telecom operators - Free and Numericable SFR (OTCPK:NUMCF) - about selling to them parts of Bouygues' assets to assure the go-ahead from competition authorities.
    • The transaction could be valued at about €10B ($11.25B) in cash and shares, with Bouygues receiving a 15% stake in Orange valued at €8B, and the rest in cash.
    • Orange +3.4%; Numericable SFR +8.2% in France
    | Mon, Feb. 15, 4:54 AM
  • Wed, Feb. 3, 1:04 PM
    | Wed, Feb. 3, 1:04 PM
  • Wed, Jan. 27, 11:42 AM
    | Wed, Jan. 27, 11:42 AM
  • Fri, Jan. 15, 3:32 AM
    • The U.K. Competition and Markets Authority has approved BT's (NYSE:BT) £12.5B acquisition of EE unconditionally, stating the tie-up won't result in a substantial lessening of competition.
    • The full deal is set to close on January 29 when Deutsche Telekom (OTCQX:DTEGY) takes a 12% BT stake and Orange (NYSE:ORAN) takes a 4% share stake in the company.
    • A Deutsche Telekom representative is also expected to join the BT board imminently.
    | Fri, Jan. 15, 3:32 AM
  • Wed, Jan. 13, 11:59 AM
    • Orange (ORAN -0.9%) is making more moves in Africa, dealing to buy Bharti Airtel's (OTC:BHRQY) operations in Burkina Faso and Sierra Leone.
    • The moves boost its subscriber base by 5.5M. Terms weren't disclosed, but Orange did say the two have a combined annual revenue of about €275M and that it will pay about 7.9 times EBITDA.
    • That leads Haiton Research to some envelope math: "Assuming that the operations have EBITDA margins of 30% and given the implied multiple this acquisition would represent an investment of €652 million for Orange."
    • Orange agreed to buy the Liberia operation of Cellcom yesterday. Orange and Airtel began discussing a sale of operations in several African countries last summer, though talks over Airtel's businesses in Chad and Congo Brazzaville have lapsed.
    • Previously: Orange chief: Bouygues deal will have to create value, boost investment (Jan. 12 2016)
    | Wed, Jan. 13, 11:59 AM
  • Tue, Jan. 12, 9:29 AM
    • The CEO of Orange SA (NYSE:ORAN), up 4.5% premarket, says that a merger he's discussing with Bouygues Telecom (OTCPK:BOUYY) would have to "create value for Orange and boost investments in the French telecoms sector."
    • "I will not engage Orange in a risky deal," says Stephane Richard, adding that the deal wouldn't have a negative impact on consumers, and that he sees the negotiation wrapping up in weeks instead of months.
    • Orange is in talks to buy its rival for about €10B (around $10.9B) in cash and stock. The move would reduce France's mobile carriers from four to three and give the combination close to 50% market share in communications.
    • Whatever happens in the talks, Richard says, France will remain Orange's leading shareholder. The deal's needed, he believes, to stimulate infrastructure investment and keep France's telecoms competitive with European rivals.
    • An Orange subsidiary, Orange Cote d'Ivoire, has reached a deal to acquire 100% of the Liberian subsidiary of Cellcom (NYSE:CEL). Liberia has a population of 4.3M with a relatively low mobile penetration rate of 66%, and Cellcom's operation is the leader there.
    • Previously: France plans to remain key Orange shareholder, assess Bouygues talks (Jan. 06 2016)
    • Previously: Report: Talks moving forward on €10B Orange-Bouygues deal (Jan. 04 2016)
    | Tue, Jan. 12, 9:29 AM
  • Wed, Jan. 6, 9:45 AM
    | Wed, Jan. 6, 9:45 AM