Today, 5:51 AM
Today, 5:25 AM
- Syngenta's Q3 revenue came in at $2.5B dollars, down 3%, dragged lower by weak Latin American sales.
- Orange's (NYSE:ORAN) core operating profit beat expectations as strong growth in Spain offset waning revenue in its home market of France.
- Novartis (NYSE:NVS) posted a 4% slump in third quarter profit as sales in its Alcon eye care division and cancer drug Gleevec continued to see declines.
Tue, Oct. 18, 1:58 PM
- Vodafone (VOD +1.6%) is the latest Western phone company to make a move into Iran as sanctions ease up, forming a partnership with local Internet service provider HiWeb.
- In the non-equity deal, Vodafone will help HiWeb expand and modernize its network, while HiWeb will offer mobile/landline service in Iran to Vodafone's multinational customers. The scope of the pact includes marketing, distribution and even "Internet of Things" services.
- The move by Vodafone follows similar steps by Orange (NYSE:ORAN), which says it's talking cooperation deals with Iran's Mobile Telecommunication Co.
Thu, Oct. 13, 6:37 PM
- Orange (ORAN -0.3%) has named Jérémie Dutray deputy chief financial officer, and given him responsibility for business development and mergers and acquisitions.
- He began reporting to CEO Stephane Richard in 2010, and had been chief operating officer at Orange Belgium since September 2014. The new move is effective Oct. 1.
- He spent years with the French government, though, joining the senior management team of the French Treasury in 2002.
- Arnaud Castille, who had joined the company as head of Mergers & Acquisitions in 2013, will become chief financial officer at Orange Belgium effective Dec. 1.
Thu, Oct. 6, 7:36 PM
- Orange (ORAN -1.4%) and Ericsson (ERIC +0.3%) are teaming up to develop 5G solutions.
- The two are developing and testing "selected" 5G use cases -- including multi-gigabit Internet in suburban and rural environments, Internet of Things applications and connected cars -- using the telecom's network and Ericsson's 5G tech. It will also cover 4G-to-5G solutions evolution.
- "The partnership will enable 5G technology building blocks, proof of concepts, and pilots across Europe from 2017 onwards," the companies say.
- "Our ambition is to be prepared for a 5G deployment in 2020," says Orange's Alain Maloberti.
Tue, Oct. 4, 5:30 PM
- Orange (ORAN +1%) has gotten approval to take majority control of Groupama Banque, which it will rename Orange Bank in January as part of a mobile banking push.
- The new operation will be part of the company's Customer Experience and Mobile Banking function. Orange has tapped Andre Coisne as CEO of the bank.
- French and European regulators gave approval for Orange to acquire a 65% interest in Groupama's capital.
- Orange is seeking more than 2M customers in France, and will market the bank in the country during the first half of next year; customers will be able to sign up directly through the app as well as on the Web or in stores.
Wed, Sep. 14, 4:43 AM
- European officials will unveil new technology rules today aimed at reining in many of the world's largest tech firms.
- Under the proposals, which will take years to complete, European publishers may be given powers to charge internet companies whenever their content shows up in online results or other services.
- Chat apps will also be more heavily policed by extending rules which currently only cover telecoms providers.
- Related tickers: GOOG, GOOGL, FB, MSFT, ORAN, OTCQX:DTEGY, OTC:AXSPY
Thu, Sep. 1, 11:30 AM
- European telecom firms have some rough sledding ahead, BofA Merrill Lynch suggests, with new iPhones threatening increased subsidies even as half the companies will need a strong second half to hit targets.
- Tough comparisons and hotly competitive markets are dogging companies like Telefonica (TEF +0.1%) and SFR (OTCPK:NUMCF), which could face misses in the half. The firm is reiterating its Underperform stance on Telefonica.
- Royal KPN (OTCPK:KKPNY -1.8%) is likely in better shape after its July moves, including price hikes and a headcount reduction.
- In the medium term, there's more room for optimism especially as companies see free cash flow benefits from refinancing -- particularly Vodafone (VOD -1.5%) and Telefonica, though Orange (ORAN -0.5%) and Telecom Italia (TI -0.1%) can benefit as well.
Thu, Sep. 1, 11:04 AM
- Looking for growth outside its home market, France's Orange (ORAN -0.8%) is in talks with Iran's Mobile Telecommunication Co. over areas of cooperation.
- Iran's population of 80M could provide new growth amid hot competition in French telecoms, now that international sanctions have been eased.
- Talks should conclude within a few months and are focused on a partnership rather than a stake sale, a source tells Bloomberg.
- Orange -- which has also aggressively pursued growth in Africa/Middle East -- is among the companies set to take part in the Iran Connect conference happening in Tehran next week.
Tue, Aug. 30, 2:40 PM
- Orange (ORAN -0.8%) has named Hugues Foulon head of the chairman and CEO's office for Orange Group.
- He'll report directly to Orange CEO Stephane Richard in that role.
- Previously he served as chief financial officer for Orange Middle East and Africa. He came to Orange in 2005 as finance director for consumer marketing, after previous roles with Veolia and Monaco Telecom.
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%.
Tue, Jul. 26, 10:46 AM
- Orange (NYSE:ORAN) is off 3.6% in U.S. trading as its earnings report showed slowing sales growth in a fierce wireless market.
- Profits jumped in the company's first half, goosed by the January sale of its stake in UK operator EE to BT Group. That brought £3.44B in cash along with a BT stake.
- While first-half revenues were up 2.7%, they were flat for the past three months. EBITDA was up 2.3% to €3.34B, in line with expectations.
- Revenues in its French home market fell 1.1% to €9.38B (Mobile services, €3.59B; Mobile equipment sales, €326M; Fixed services, €5.18B; other, €277M) while gains in Spain provided some makeup (up 31% to €2.42B).
- Press Release
Tue, Jul. 26, 5:47 AM
Wed, Jul. 20, 5:35 PM
- AT&T (NYSE:T) and Orange (NYSE:ORAN) are working together to push software-defined networking and network function virtualization, two areas that will benefit increasing standardization in network deployment.
- That will add flexibility and simplicity to network service provisioning (and reduce costs along the way) by pursuing open-source solutions.
- The two said they would concentrate on equipment for customer premises, on streamlining onboarding for virtual network functions, and on making APIs that should ease interoperability of different SDN architectures.
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.
Fri, Jun. 24, 9:22 AM
- European names are pacing premarket losers in telecom after Great Britain's historic vote to leave the EU.
- BT Group (NYSE:BT), the holder of longtime incumbent telecom British Telecommunications, is off 17.8% premarket, wiping more than $11B off its market value.
- Other key players in Britain and Europe are sharply lower as well. Telefonica (NYSE:TEF) is down 16.8% premarket, easily set for its lowest price in 18 years.
- French incumbent Orange (NYSE:ORAN) is 11.6% lower. Vodafone (NASDAQ:VOD), meanwhile, is down 8.6%.