Orange(ORAN)- NYSE
  • Yesterday, 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%.
    | Yesterday, 5:37 PM | 2 Comments
  • 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, 10:46 AM
  • 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%.
    | Fri, Jun. 24, 9:22 AM | 2 Comments
  • 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
  • Tue, Apr. 26, 10:12 AM
    • Orange (NYSE:ORAN) is up 2.7% and knocking on the door of its 52-week high after posting Q1 earnings where a strong rebound in Spain meant a return to growth there, and the company's Africa/Middle East growth strategy continued to bear fruit.
    • Revenues eked out a gain overall, growing for the third straight quarter. Restated EBITDA was down 1.6% to €2.569B, but up 0.3% after excluding impact from an employee shareholding operation.
    • Sales growth resumed in Spain (to 1.8%) after nine straight quarters in decline, but revenues fell 0.7% in France (national roaming declined) and slipped 4.2% in Poland. Meanwhile, they grew 2.3% in Belgium and Luxembourg, 2.8% in Central Europe, and a solid 5.1% growth for mobile services in Africa/Middle East.
    • Mobile customers grew by 5.3M net additions to come to 191M (up 2.9% on comparable basis). Fixed broadband customers grew 2.9% to 17.8M, including 2.226M fiber subs. Digital TV had 8.2M customers (up 10.4% on comparable basis).
    • Press Release
    | Tue, Apr. 26, 10:12 AM | 1 Comment
  • Fri, Apr. 1, 5:39 PM
    • Top gainers, as of 5.25 p.m.: ORAN +5.4%. HEP +2.7%. ACAD +2.5%. TLLP +1.9%. NGL +1.4%.
    • Top losers, as of 5.25p.m.: HMY -5.7%. CFX -4.9%. CPLP -3.6%. GLP -3.4%. STM -3.1%.
    | Fri, Apr. 1, 5:39 PM | 12 Comments
  • 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
  • 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
  • Thu, Mar. 10, 7:09 PM
    • French telecom Iliad (OTCPK:ILIAY +2.5%) posted increased earnings for its 2015, beating estimates as its low-cost mobile packages gain ground with consumers.
    • 2015 EBITDA of €1.49B was up 16%, beating an expected €1.48B.
    • The company said it reached mobile market share of 17% last year, just four years after it became France's fourth carrier. Its entry sparked a price war that's fueling consolidation talks among rivals Orange (ORAN +0.6%) and Bouygues (OTCPK:BOUYY) to create a clear market leader.
    • Iliad and Numericable-SFR (OTCPK:NUMCF) -- No. 3 and No. 2 in the market respectively -- would pick up some assets if the Orange-Bouygues deal goes through.
    • Iliad is targeting 25% market share in the longer term and wants an EBITDA margin of 40% by the end of 2020, up from last year's 33.8%.
    • Previously: Orange CFO: Heavy investments, crunch time for Bouygues deal (Feb. 24 2016)
    • Previously: Orange-Bouygues talks to take several more weeks (Feb. 16 2016)
    | Thu, Mar. 10, 7:09 PM
  • Wed, Feb. 24, 11:06 AM
    • This is a time of "extraordinary investment in fact for European telecom operators," says Orange (ORAN -3.1%) CFO Ramon Fernandez, speaking at Mobile World Congress in Barcelona. "We are building a new fixed network, once every 30 years."
    • The company is investing more than 16% of total revenues, he says, into various technologies. "So 4G is one, but you know, fixed very high (speed) broadband is another one, and we are investing very heavily on fiber."
    • As for what could be a €10B deal for Bouygues Telecom (OTCPK:BOUYY) -- "an opportunity, not a necessity" -- March is a "go or no go" period for any move. "We will go along with these talks if this creates value for our shareholders, if we can control execution risks, if socially we can do it in a nice way. So, it will take a few weeks," Fernandez says.
    • Bouygues' CEO has said the firm would be happy with a 10-15% stake in Orange, with board seats if it became a significant stakeholder.
    • Orange has partnered with Google on a $40 smartphone with data package for the Middle East and Africa as it continues to pursue growth in the region. Revenues from the area now account for about 12% of Orange's total, and smartphone penetration is about 10% in Africa.
    • Previously: Orange-Bouygues talks to take several more weeks (Feb. 16 2016)
    • Previously: Orange chief: Bouygues deal will have to create value, boost investment (Jan. 12 2016)
    | Wed, Feb. 24, 11:06 AM
  • Tue, Feb. 16, 9:37 AM
    • Israeli telecom Partner Communications (NASDAQ:PTNR) is up 3.9% after cutting the last of its ties with Orange (ORAN +2.6%), rolling out a new brand and identity after eight months of transition following the companies' mid-2015 conflicts.
    • Partner will serve its services simply under the name Partner, with a logo that is now noticeably less orange -- changing to a turquoise color.
    • Partner CEO Isaac Benbenisti says the rebranding process has been long and expensive, but that the new Partner would be launching a TV service, a move to follow competitor Cellcom (CEL +2%) in reshaping itself into more of a telecoms group.
    • The companies came into conflict involving economic activity in Israeli settlements. Last June, amid talk in France of political boycotts of Israel, Orange chief Stephane Richard said he'd terminate the licensing agreement "tomorrow morning" if it were legal; he later apologized to Israel's prime minister, Benjamin Netanyahu.
    • Previously: Partner to launch new brand identity after separating from Orange (Feb. 04 2016)
    • Previously: Orange -1.1% as Israel's Partner ends brand license agreement (Jan. 05 2016)
    | Tue, Feb. 16, 9:37 AM
  • Wed, Jan. 27, 11:42 AM
    | Wed, Jan. 27, 11:42 AM
  • Fri, Jan. 22, 1:36 PM
    • MTN Group (OTCPK:MTNOY +8.6%) has denied allegations of tax evasion in Cameroon, an issue that has resulted in €147M in fines between it and French carrier Orange that pounded those stocks yesterday.
    • Orange (NYSE:ORAN) is up 4.3% in U.S. trading today.
    • Cameroon's anti-graft agency accused telecoms of failing to pay taxes on gaming and gambling revenues.
    • Meanwhile, MTN has signed a deal with cloud solutions firm ItsOn to implement its platform in its operator IT system.
    • The African carrier will be able to more quickly launch new services with the ability to virtualize and automate customer-oriented systems including billing, charging, rating, policy, activation, marketing and on-device purchases. “We want to make it easier for our customers to access these services and content, act on contextual offers and purchase new goods directly from their device," says MTN's Albert Fernandez.
    • MTN will begin deployment in South Africa before expanding into other countries.
    | Fri, Jan. 22, 1:36 PM
  • Thu, Jan. 21, 9:56 AM
    • Orange (ORAN -0.5%) and MTN Group (OTCPK:MTNOY -6.3%) have received combined fines of €147M (about $160M) from Cameroon, for failing to pay taxes on gambling and gaming services.
    • The two are part of a wider probe by the country into the sector that could punish other telecom operators (including Camtel and Viettel) with fines that total $283M.
    • MTN is continuing to challenge a much larger fine, $3.9B, imposed by Nigeria over the tardy disconnection of millions of unregistered SIM cards.
    • Previously: Official: MTN Group could face more fines if it misses Nigeria's deadline (Dec. 23 2015)
    | Thu, Jan. 21, 9:56 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
  • Tue, Jan. 5, 9:27 AM
    • Partner Communications (NASDAQ:PTNR) says it will terminate its brand license agreement with France's Orange (NYSE:ORAN) based on the framework agreement the two struck last summer.
    • Orange is down 1.1% premarket in U.S. trading.
    • In June, the companies set a new framework deal that set up a market study and allowed either the right to terminate the brand license agreement within 12 months. If Partner didn't act to terminate the deal under those terms, either company could then terminate it during the next 12.
    • That deal allowed for Partner to get €40M from Orange, with another €50M if the BLA were terminated.
    • Partner says it will provide hardware and services under the Orange brand until further notice.
    • Updated 9:42 a.m.: Partner is up 3.5% in U.S. trading, while Orange is down 0.7%.
    | Tue, Jan. 5, 9:27 AM
Company Description
Orange SA engages in the provision of telecommunication services. The company was founded in 1999 and is headquartered in Paris, France.
Sector: Technology
Industry: Telecom Services - Foreign
Country: France