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.
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.
On September 27, 2022, leading European telecom operators, including Deutsche Telekom, Orange, Telefónica, and Vodafone, partnered with MATSUKO to develop a platform enabling holographic calls as straightforward as traditional phone calls. This initiative leverages 5G connectivity and edge computing technology to create immersive 3D holograms using smartphone cameras. The pilot project has successfully addressed previous network challenges, offering a realistic 'one-to-many' holographic experience. The collaboration will further enhance technology for high-quality service and explore broadcasting capabilities.
Orange Business Services, in partnership with Orange Cyberdefense and Netskope, is launching a new Security Service Edge (SSE) solution within the Orange Telco Cloud Platform. This innovative solution aims to blend optimal performance with top-tier security, empowering enterprises to enhance data protection without compromising on productivity. By integrating Netskope's technology into its network, Orange seeks to offer a comprehensive security solution that adapts to the complexities of hybrid work and evolving security threats.
Orange Business Services has rebranded its recent acquisitions, Basefarm, Login Consultants, and The unbelievable Machine Company, to strengthen its position as a cloud-centric digital services leader. The acquisitions have contributed to double-digit growth since 2018 and enhanced Orange's cloud capabilities, expanding its team to 2,600 cloud experts. Notably, analysts recognized the company as a leader in various service reports, underscoring its commitment to innovation and customer-centric solutions in digital transformation.
Orange and Equinix have teamed up to expand the Orange Telco Cloud footprint using Equinix Metal's Bare Metal as a Service. This collaboration aims to speed up the deployment of Orange's New Generation International Network, enabling on-demand Telco Cloud Points of Presence by late 2022 in Amsterdam, Madrid, and Seattle. With an expected latency of under 10 milliseconds, this service will enhance offerings like SD-WAN and 5G roaming. The partnership allows Orange to meet customer demand faster, optimizing operational efficiency while supporting its goal of 100 Telco Cloud PoPs by 2024.
Orange Business Services has launched Service Manage-Watch, an advanced global supervision solution for monitoring network services and applications. This tool leverages AIOps to enhance performance visibility across both Orange and third-party services. Key benefits include real-time insights via a single dashboard, predictive AI alerts, and integration with existing IT service management tools. This initiative aims to optimize enterprise performance, ensuring connectivity, security, and user satisfaction during critical business periods.
Siemens AG has successfully migrated 1,168 sites across 94 countries to an SD-WAN infrastructure, partnering with Orange Business Services and Cisco. This substantial deployment enhances security, agility, and simplifies network management, addressing complexities as applications move to the cloud. Siemens emphasizes the importance of a reliable communications network, which improves user experience through dynamic traffic routing and bandwidth allocation. This initiative showcases Orange's capability in managing large-scale global projects, which is crucial for digital transformation.
CommScope has partnered with Orange Belgium to launch next-generation set tops powered by the Android TV™ OS. These devices will enhance subscriber experiences with live TV and streaming services. Key features include access to premium streaming apps, a multiscreen cloud recording service, and Chromecast built-in™ functionality. The devices are environmentally friendly, made with 99% post-consumer recycled plastics and eliminate single-use plastics in packaging. This collaboration marks CommScope's second deployment of Android TV devices, expecting further expansions in 2022.
Orange Business Services and Fortinet are partnering to enhance Secure Access Service Edge (SASE) solutions, integrating Fortinet's security technologies into Orange's cloud infrastructure. This collaboration aims to optimize cloud performance for both office and remote users while reinforcing security across enterprises. The partnership is expected to add significant value to existing SD-WAN customers and supports a 'work from anywhere' strategy, enabling dynamic secure internet access for various enterprises, driven by zero-trust network access.
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