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.
Anheuser-Busch InBev (AB InBev) has partnered with Orange Business to enhance its digital infrastructure across Europe. This collaboration aims to improve employee experience and productivity by offering advanced connectivity and voice services. AB InBev will connect 70 locations to its headquarters in Belgium, facilitating faster performance and higher bandwidth for digital innovation. The move is part of AB InBev's strategy to create best-in-class smart breweries, focusing on cybersecurity and automated digital tools. This initiative is expected to support the company's vision for a digitized ecosystem and improved collaboration among employees.
Orange Business has partnered with Lucid Motors to provide next-generation in-vehicle connectivity for its electric vehicles in Europe. This collaboration will enhance the customer experience by integrating seamless IoT and Internet connectivity, enabling features like infotainment, navigation, and over-the-air updates. With its expertise in navigating European regulatory challenges, Orange supports Lucid's expansion in the region. Additionally, Orange has been recognized as a leader in Managed IoT Connectivity Services by Gartner for the sixth consecutive time, emphasizing its strong market position. Orange is listed on Euronext Paris (ORA) and NYSE (ORAN).
Orange, a leading global telecommunications operator, announced its 2022 annual results and outlined its strategic plan during Capital Markets Day 2023. Highlights include a revenue of 42.5 billion euros and a customer base of 286 million worldwide. The Group aims to enhance value creation and deliver growth through its 'LEAD THE FUTURE' plan, which focuses on data, AI innovation, and social accountability. CEO Christel Heydemann discussed the positive revenue trends and outlook for 2023-2025, emphasizing commercial performance and CAPEX investments.
OAK BROOK, IL / ACCESSWIRE / February 7, 2023 - OneMind Technologies, a subsidiary of Affluence Corporation (AFFU.PK), announced new product features leveraging Artificial Intelligence (AI) and Machine Learning (ML) to enhance analytics for Smart City decision-making. The announcement was made at the LEAP 2023 Technology Conference in Saudi Arabia, where OneMind showcased its Hypervisor for Digital Cities alongside Orange Business Services (NYSE:ORAN). New functionalities, including an analytical panel for data clustering and monitoring, aim to support city managers with real-time, actionable insights. OneMind is committed to evolving its platform with emerging tech trends.
Jacobs Douwe Egberts (JDE) has partnered with Orange Business Services to enhance its global connectivity through Flexible SD-WAN, deploying solutions across over 120 locations worldwide. This infrastructure supports JDE's digital transformation and expansion goals by integrating newly acquired teams swiftly, improving user experiences, and ensuring secure access to corporate applications. The collaboration spans across 40 countries, providing managed network security services in data centers located in Amsterdam, Sao Paulo, and Singapore. JDE's Global IT Director highlighted the success of this partnership, which aims to drive future growth.
Gold Data announced the construction of a US$150 million submarine cable system in the Gulf of Mexico, connecting Miami to major Mexican cities: Mexico City, Cancun, and Queretaro. This project, the first cable landing in Mexico in 22 years, will enhance connectivity with over 250 TBPS capacity. Partnering with leading firms like Orange and Ciena, it aims to reduce latency by up to 35%, addressing growing data demands in Mexico. This investment marks the final phase of Gold Data's network expansion, solidifying its position in the Latin American telecommunications market.
Norauto, a key automotive service provider in France, has partnered with Orange Business Services to implement a Flexible SD-WAN, enhancing its network infrastructure. Over 380 sites will benefit, with 300 launched in just nine months. This transition aims to boost resilience, security, and user experience through local internet breakouts. New services include cloud-based applications and real-time vehicle maintenance visuals for customers, ultimately transforming customer interactions in Norauto's centers. This initiative supports Norauto's digital transformation and operational agility.
Veolia Water Technologies has entered into a strategic partnership with Orange Business Services to enhance its Hubgrade digital platform. This collaboration aims to improve the monitoring and analysis capabilities of water treatment facilities, promoting better technical, economic, and environmental performance for customers. Leveraging Orange's extensive expertise in digital solutions, data analytics, and IoT, the partnership focuses on co-innovation projects, including the development of an IoT gateway and machine learning services to optimize water resource management.
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