Orange: creates Orange Concessions

(CercleFinance.com) - Orange has announced the creation of Orange Concessions, through an exclusive agreement with La Banque des Territoires (Caisse des Dépôts), CNP Assurances and EDF Invest, to which it will sell 50% of the capital and offer joint control of this new entity.


The French incumbent telecoms operator explains that by associating with long-term investors, it aims to support its development in fiber in rural areas, while enhancing its infrastructure.

This transaction, which should be completed by the end of 2021, values Orange Concessions at 2.675 billion euros. With over 4.5 million FTTH sockets, this entity will be the leading operator of fiber networks in rural areas.


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