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Orange (ORAN)

- NYSE
  • Thu, Apr. 16, 5:58 PM
    • Orange (NYSE:ORAN) gained 1.4% today after its Orange Business Services unit acquired French fleet-management company Ocean.
    • Ocean currently manages 45,000 vehicles for more than 2,000 corporate clients; added to Orange's own portfolio of 60,000, it brings the combination to over 100K and will form an operational unit focused on M2M (machine-to-machine communications) and developing new solutions for connected objects.
    • Terms were undisclosed. Jacques Riviere, Ocean's president, will lead the new entity at Orange.
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  • Tue, Apr. 14, 8:19 PM
    • At Cannes' MIPTV Media Market, pay TV group Orange Cinema Series (NYSE:ORAN) has sealed first-run rights to European series The Game, Kingdom and 1992.
    • The unit has been seeking foreign rights to go along with a U.S. pipeline coming from HBO and Sony Pictures Television, and it also aims to develop original half-hour shows in French.
    • The Game is a British spy thriller from BBC Worldwide; mixed martial arts series Kingdom and political series 1992 are set in Italy.
    • More foreign partnerships may be ahead for OCS to develop original content.
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  • Thu, Apr. 9, 10:00 PM
    • In a new report on fiber, DSL and cable broadband subscribers, Infonetics Research projects that consumers are driving global fixed broadband adoption toward a 5% compound annual growth rate through 2019, from a current base of 733M (up 8% last year).
    • Global growth will lead the way, the firm says, especially in China (Asia Pacific has 50% of the world's fixed broadband subscribers, and China Telecom (NYSE:CHA) is the worldwide share leader) -- as well as Russia, Brazil, Mexico, Arrgentina, Indonesia, Thailand and Vietnam.
    • Other insights: DSL's still the biggest technology, but growth is coming via fiber-to-the-home and DOCSIS 3.0 cable; and FTTH subscribers grew 22% last year to cross the 100M-subscriber line.
    • U.S.-traded players in the firm's report: T, BT, CHA, CHU, CHT, CMCSA, OTCQX:DTEGY, OTCPK:KDDIY, KT, NTT, ORAN, OTCQX:ROSYY, TI, TEF, OTCPK:TELNY, OTCPK:TLSNY, OTC:TMXLF, OTCPK:TLSYY, TWC, OTC:TRKNY, VZ, VIP, VOD
    | 2 Comments
  • Tue, Apr. 7, 2:15 PM
    • With Orange's (NYSE:ORAN) board meeting today to decide the fate of its video-streaming site Dailymotion, the company says it's now in exclusive talks with Vivendi (OTCPK:VIVHY) to sell 80% of the site for €217M.
    • The price would value Dailymotion at €265M including debt.
    • The deal may represent a coming-together of motives: Orange is under political pressure from France's government to keep Dailymotion in European hands, and Vivendi is French as well; and cash-flush Vivendi is looking to acquire firms as it fights activist investors pressing for cash dividends and more divestment.
    • Dailymotion -- working in YouTube's shadow over the past 10 years -- needs a partner to expand its ambitions, and Vivendi offers more exclusive content it can get from its media businesses (Canal Plus and Universal Music Group). The music may be especially compelling to Orange, as about a third of video streams tend to be music-related.
    • Vivendi shares rose 1.2% at Euronext Paris.
    • Previously: Vivendi offering €250M for Dailymotion (Apr. 06 2015)
    • Previously: French econ minister: Orange should hear all comers for Dailymotion (Apr. 02 2015)
    • Previously: WSJ: Orange in exclusive talks to sell Dailymotion stake (Mar. 13 2015)
    • Previously: Vivendi fight: Bolloré raises stake again, to 12% (Apr. 02 2015)
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  • Mon, Apr. 6, 2:41 PM
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  • Mon, Apr. 6, 8:45 AM
    • France may take advantage of a law it passed last year to keep its heavy influence on Orange (NYSE:ORAN) even as it looks to get clear of some of its 25% stake in the telecom giant in order to help balance its budget.
    • The "Florange" law gives double voting rights to investors holding shares in their name for two years, and barring action by Orange, longer-term investors like the country of France will get double rights in the company in 2016 when the law takes effect.
    • France's move is a departure from common one-vote rights elsewhere. Twenty-two companies of France's CAC-40 index already have some kind of double rights, and more will join as the law kicks in.
    • State representatives hold three of Orange's 15 board seats and the country chooses the company's CEO. France is looking to sell billions of euros worth of companies' shares in the coming year.
    | 1 Comment
  • Thu, Apr. 2, 10:49 AM
    • French telecom Orange (NYSE:ORAN) needs to look at all offers as it seeks to sell a Dailymotion stake, says France's Economy Minister Emmanuel Macron.
    • Orange entered exclusive talks with Hong Kong's PCCW (OTCPK:PCCWY) and is reportedly entertaining an offer that values the video site at €250M.
    • Macron says he's not opposed to a deal with PCCW, but: "What I said was: 'Should we enter into exclusive negotiations?' The answer is no. We should look at all the offers."
    • France takes a heavy hand in foreign investment into French operations, and considers Dailymotion a "jewel." The country killed a Dailymotion stake sale to Yahoo in 2013 over such concerns, and is likely to favor a European partner.
    • France is the biggest shareholder in Orange, at about 25%.
    • Previously: WSJ: Orange in exclusive talks to sell Dailymotion stake (Mar. 13 2015)
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  • Fri, Mar. 20, 5:09 PM
    • Orange (NYSE:ORAN) has acquired the 55.5% of French cloud infrastructure (IaaS) service provider Cloudwatt it didn't own from defense firm Thales and state-backed lender CDC. Terms are undisclosed.
    • With the French government's blessing, Cloudwatt was launched in 2012 to create a local alternative to the IaaS services of U.S. tech giants (Amazon, Google, Microsoft, etc.) - its Web site tries hard to sell would-be customers on data sovereignty and security (still a thorny issue for U.S. cloud providers). However, all signs suggest Cloudwatt has made limited traction thus far against rivals that have larger feature sets and are willing to price aggressively.
    • Previously: Orange reportedly in talks to sell Dailymotion stake
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  • Tue, Mar. 17, 4:26 AM
    • Orange (NYSE:ORAN) will invest over €15B in its networks over the next four years as part of its new plan, dubbed "Essentials 2020", aimed at reviving sales growth and profitability after years of decline.
    • The French telecom operator faces fierce competition in many of its markets, particularly in Europe, where telecoms have been competing hard for market share by slashing prices for mobile and broadband services.
    • Orange aims for sales and EBITDA to grow again by 2018.
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  • Fri, Mar. 13, 12:40 PM
    • Having not succeeded at first (or second), Orange (ORAN -1.8%) is trying again to sell a stake of about 49% in video site Dailymotion -- this time through exclusive talks with Hong Kong telecom PCCW (OTCPK:PCCWY).
    • PCCW's made an offer valuing Dailymotion at €250M ($264.5M), a source tells The Wall Street Journal.
    • The goal would be expansion, an area in which France-based Dailymotion hasn't kept up with competitors like YouTube. The French government, which killed a 2013 stake sale to Yahoo, may now be more open to foreign investment.
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  • Wed, Mar. 4, 12:57 PM
    • While rival Royal KPN (OTCPK:KKPNY +1%) is hoping to draw €1B in selling Base, its Belgian mobile division, France's Orange (NYSE:ORAN) -- which has a majority stake in Belgium's No. 2 provider Mobistar -- says it wants to stay in the country.
    • Orange's Gervais Pellissier says his company hasn't been contacted about the Base sale but: "Consolidation is necessary in the market and it would make sense for someone already in the country to buy it."
    • He expected if Mobistar got involved, in an effort to better take on market leader Belgacom, it would be tough to get the deal approved by regulators.
    • Strategic bidders or private-equity funds still seem the likely candidates to buy Base in a market hit by a price war and ripe for consolidation.
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  • Mon, Mar. 2, 11:28 AM
    • At Mobile World Congress, Orange (NYSE:ORAN) discussed details around its plan to bring a $40 3G smartphone bundle to Africa, a move that could help it build a lead in a large growth market.
    • The package includes the device (called Klif) along with a six-month package of voice minutes, text and a 3G data bundle reportedly at 500MB/month, all for the one-time price -- bringing monthly costs under $7.
    • The Klif phone will run on Firefox's mobile OS, which could help it get a foothold where more expensive Android smartphones might not.
    • While developed markets are saturated with high-quality smartphones (and smartphone users), sub-Sarahan Africa has a much smaller penetration rate for high-speed mobile data, though the market should grow 33% this year.
    • Notably, Orange isn't backing away from Android -- it's committed to the Pixi, its cheapest Android phone, which still costs about 40% more than the Klif.
    • The new package goes on sale in Q2 in 13 countries. Orange has 97.5M customers in Africa.
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  • Sun, Mar. 1, 11:01 AM
    • Orange (NYSE:ORAN) and Telecom Italia (NYSE:TI) have been discussing a possible alliance, Orange's chief executive told the Journal de Dimanche.
    • "There are no negotiations ongoing just exchanges of points of view between the two management teams," said CEO Stephane Richard. "It would be an attractive European consolidation opportunity."
    • The news comes after a recent spate of deals in the European telecoms sector, with BT buying EE from Orange/Deutche Telekom and Hutchison Whampoa purchasing O2 from Telefonica.
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  • Tue, Feb. 24, 8:02 PM
    • U.K. mobile firms are likely looking at a license fee increase as regulator Ofcom follows its government mandate to ensure spectrum fees reflect market value.
    • EE (ORAN, OTCQX:DTEGY) -- on its way to becoming part of BT Group (NYSE:BT) -- Three (OTCPK:HUWHY), O2 (NYSE:TEF) and Vodafone (NASDAQ:VOD) could see fees for the 900 MHz and 1800 MHz bands rising to a total £223.3M/year ($345.5M/year) -- up from the combined £64.4M/year they pay now.
    • Considering proportional increases, EE might see its current £24.9M/year rise to £75.6M.
    • Related mobile stocks were up today, with the exception of Vodafone, which saw a downgrade from Bank of America: ORAN +1.7%; OTCQX:DTEGY +1.9%; TEF +1.4%; OTCPK:HUWHY +0.3%; VOD -3.3%.
    • Previously: Vodafone lower after BofA downgrade (Feb. 24 2015)
    | 1 Comment
  • Tue, Feb. 17, 3:04 AM
    • Following the release of its Q4 results, Orange (NYSE:ORAN) forecast a slight decline in earnings for the coming year amid tough competition in its key home market.
    • Net profit fell 51% Y/Y to €925M during the quarter, weighed down by charges linked to the group’s part-time pension plan, litigation settlements and reorganization of its real-estate assets.
    • The company said it expects EBITDA to reach between €11.9B-€12.1B this year, a decline from the €12.19B posted in 2014, but pledged to hold the line on costs and deliver a stable dividend.
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  • Wed, Feb. 11, 3:36 PM
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Company Description
Orange SAoperates as a telecommunications operator. The Company offers fixed and mobile communications, data transmission, the Internet and multimedia, mobile telephone services and network services.
Sector: Technology
Country: France