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 Services has deployed over 15,000 trackers and 250 antennas at two Safran Aircraft Engines sites in France. This smart tracking IoT solution enhances tool management in large-scale production areas, allowing for real-time location tracking. The deployment includes a tailored software platform from Orange to centralize data, improving efficiency and preventive maintenance. Leading this project, Orange emphasizes its capability in delivering complex industrial solutions, reinforcing its partnership with Safran in the context of Industry 4.0.
Orange Business Services has been selected by the French Space Agency (CNES) to lead an industry consortium with HPE, Scality, and Tealenium. The project aims to create a data lake capable of hosting 100 petabytes of spatial data. This initiative will modernize CNES's storage infrastructure, enabling better utilization of satellite data for scientific research and new service development. With a focus on data security and compliance, Orange will oversee the project's governance from design to maintenance, contributing to the digital transformation of CNES.
Lynk & Co has launched its "always connected" car, utilizing IoT technology from Orange Business Services to provide seamless connectivity for users. The 01 SUV promotes a membership-based mobility model, allowing users to share their vehicle and manage it via a smartphone app. Features include a share button for income generation, global connectivity through integrated SIMs, and easy-to-use in-car technology. Lynk & Co aims to cater to a new generation of consumers who prioritize flexibility and connectivity in their mobility solutions.
The 2Africa consortium announced the addition of four new branches to the 2Africa cable, enhancing connectivity to Seychelles, Comoros Islands, Angola, and south-east Nigeria. This project, the largest subsea cable initiative globally, aims to deliver faster, reliable internet service and support economic growth in participating countries. Alcatel Submarine Networks is spearheading the deployment, increasing landings to 35 in 26 countries. The cable is expected to 'go live' by late 2023, with notable achievements including a completed Egypt terrestrial crossing ahead of schedule.
Orange has reported its first-half results for 2021, detailing a turnover of €42.3 billion in 2020 and a customer base of 263 million globally as of June 30, 2021. The company's Chairman and CEO, Stéphane Richard, discussed key topics including second quarter highlights, EBITDAaL updates, infrastructure developments, and growth drivers. Orange operates in 26 countries and employs 139,000 people, focusing on innovation through data and AI as part of its 'Engage 2025' strategy. The company is listed on Euronext Paris under symbol ORA and on the NYSE under symbol ORAN.
Orange and SES Networks have expanded their partnership to enhance maritime connectivity services. This collaboration enables Orange's maritime customers to access higher-capacity satellite connectivity, integrating their global infrastructure with SES's Skala Global Platform. This service aims to support the maritime industry's digital transformation by enabling the implementation of IoT and AI technologies. The partnership strengthens Orange's position in the maritime sector, enabling seamless broadband services worldwide, catering to both developed markets and hard-to-reach areas.
Glovo, a Barcelona-based delivery service start-up, has partnered with Orange Business Services to enhance its global expansion through comprehensive contact center and telephony services. Operating in 20 countries, Glovo aims to facilitate convenient deliveries within 30 minutes via its app. Orange's cloud-based digital voice services allow Glovo to streamline international operations, manage over a million calls monthly, and achieve up to 40% savings on voice costs. This partnership is pivotal for Glovo’s growth strategy, helping them quickly enter new markets while optimizing costs.
Brunel has partnered with Orange Business Services to implement a co-managed SD-WAN solution using Cisco Meraki. This transition aims to enhance Brunel's global network, providing secure, efficient cloud-centric access that promotes business growth. The SD-WAN will streamline WAN operations and decrease costs by approximately 30% compared to traditional MPLS systems. The service integrates with Microsoft Azure Public Cloud, facilitating collaboration for Brunel's employees worldwide while ensuring scalable network management.
Raspadskaya, a Russian coal mining company, has implemented a bespoke IoT solution from Orange Business Services at its coal preparation factory. This initiative aims to minimize the risk of mixing different coal grades, which can compromise product quality. The system employs telemetry sensors and real-time tracking to ensure correct unloading of coal, significantly automating processes and reducing human error. The project enhances operational efficiency and lowers costs by streamlining coal handling at Raspadskaya’s large warehouse.
RS Components has selected Orange Business Services as its sole end-to-end managed services provider, undertaking a significant transformation of its global infrastructure. This initiative aims to digitize sales processes and migrate contact center functions to the cloud. Key components include upgrading to SD-WAN and enhancing telephony, fostering agility and regulatory compliance. This integration underpins RS's digital transformation strategy, enabling operations across 32 countries and ensuring a streamlined customer experience. The collaboration aims to modernize RS’s capabilities while maintaining competitive advantages in the market.
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