Welcome to our dedicated page for Orange news (Ticker: ORAN), a resource for investors and traders seeking the latest updates and insights on Orange stock.
Orange S.A. (formerly known as France Télécom S.A.) is a preeminent French multinational telecommunications corporation, widely recognized for its comprehensive services in mobile, landline, internet, and Internet Protocol television (IPTV). Operating under the name Orange since 2006, the company has solidified its position as the dominant telecom operator in France, outpacing competitors like Iliad, Bouygues, and SFR.
Orange operates both fixed and wireless businesses across several European countries including France, Spain, Poland, Belgium, Luxembourg, and Central European nations such as Romania, Slovakia, and Moldova. About 15% of Orange's revenue is derived from emerging African markets, where the company operates exclusively in the wireless segment. Additionally, the enterprise division, which caters to companies with more than 50 employees globally, contributes around 20% to Orange's overall revenue.
The enterprise division, Orange Business, has recently garnered significant acclaim. In January 2024, Frost & Sullivan awarded Orange Business the 2023 Asia-Pacific Company of the Year Award, recognizing its advanced cloud contact center solutions that enhance customer and employee experience. With a focus on technology like AI, chatbots, and data analytics, Orange Business enables seamless multi-channel customer interactions.
Orange Business also collaborates with global tech giants to advance sustainability and innovation. A notable partnership with Cisco, formalized through a Memorandum of Understanding (MoU) in February 2024, aims to reduce greenhouse gas (GHG) emissions and promote a circular economy. This collaboration emphasizes creating a GHG emissions baseline, employing eco-design principles, and offering remanufactured units to reduce environmental impact.
Moreover, Orange and Google Cloud have expanded their collaboration as of April 2024 to deploy AI capabilities closer to Orange's operations. Using Google Distributed Cloud, Orange aims to enhance cloud services at a local level, meet regulatory requirements, and foster rapid AI adoption. This partnership is pivotal in deploying AI applications across Orange's extensive service areas, ensuring agility and responsiveness.
Financially, Orange is robust, reporting revenues of 44.1 billion euros in 2023 and servicing 298 million customers worldwide as of December 31, 2023. The company's strategic plan, 'Lead the Future,' unveiled in February 2023, underscores its commitment to network excellence, service quality, responsibility, and efficiency.
Orange is publicly traded on Euronext Paris (ORA) and the New York Stock Exchange (ORAN). With a global workforce of 137,000 employees, including 73,000 in France, Orange remains a leader in the telecommunications sector, continuously driving innovation and customer satisfaction.
Orange Business has deployed a centralized managed hybrid cloud solution for TMF Group, a leading provider of critical administrative services for global businesses. The solution aims to improve performance, flexibility, and collaboration capabilities to address digital business needs. Orange Business built a managed Azure Stack HCI hybrid cloud service in Brazil, Costa Rica, France, and Singapore, integrating with TMF Group's existing Microsoft Azure and Amazon Web Services solutions.
The deployment, one of the largest Azure Stack HCI implementations to date, supports 11,000 employees across 125 offices in 87 jurisdictions. It connects TMF Group's on-premises system to Azure for cloud-based services, monitoring, and management. The solution provides TMF Group with a flexible, reliable, globally distributed, centrally managed, and cost-effective platform to embrace new digital delivery models and provide valuable insights to their clients.
Orange Business has successfully completed the first phase of a new data center and communications infrastructure for Grifols Egypt for Plasma Derivatives (GEPD) in the Medical City within the New Administrative Capital. The project involves delivering co-location services through the ACUD data center, including communication services, equipment procurement support, and professional services. GEPD, a joint venture between Egypt's National Service Projects Organization and Grifols, aims to achieve self-sufficiency in plasma-derived medicines, creating a fully integrated plasma platform.
Orange Business is leveraging its global experience and 25-year presence in Egypt to support this critical national health project. The infrastructure includes a WAN interconnecting plasma facilities, donation centers, and a manufacturing facility. This collaboration is expected to enhance Egypt's healthcare system and contribute to the country's Digital Egypt Strategy.
Haier Europe, part of Haier Smart Home, the leading global company in major appliances, has chosen Orange Business's Evolution Platform to enhance its digital infrastructure. This decision aims to improve Haier's security, visibility, and agility while supporting its growth and sustainability goals.
The Evolution Platform, which encompasses cloud connectivity and cybersecurity, will aid Haier's transformation into a data-driven enterprise. Haier's new 'pay-per-wash' servitization model exemplifies their commitment to innovation and resource optimization.
Orange Business will provide a flexible SD-WAN, secure multi-cloud access, and extensive cybersecurity services managed through a customer portal, ensuring end-to-end service and visibility.
This partnership aligns with Haier's strategy to be the top choice for smart home solutions, leveraging Orange's global expertise in connectivity, cloud, and cybersecurity.
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