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.
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.
Orange Business Services has been named a preferred partner by GÉANT for the Open Clouds for Research Environments (OCRE) project, aimed at boosting cloud adoption within European research. This partnership will allow Orange to market public cloud services to National Research Education Networks (NREN) and over 8,000 institutions, benefiting around 50 million users. The project focuses on enhancing security and collaboration through Orange's Flexible Engine platform, which is also set to integrate with the GAIA-X ecosystem, promoting a unified European data infrastructure.
Amcor has advanced its operational efficiency by consolidating corporate applications into a hybrid cloud environment alongside an upgrade of its enterprise resource planning (ERP) tools. Partnering with Orange Business Services, Amcor aims to enhance application reliability and security through a fully managed hybrid cloud solution. This integration supports SAP HANA and allows effective workload management, ensuring business continuity and operational efficiency. The hybrid cloud also optimizes Amcor's existing network infrastructure to manage increasing internet traffic.
KONE has enhanced its partnership with Orange Business Services by migrating its global contact center solution to the cloud. This move aims to improve user experience and streamline customer support worldwide. The transition to cloud infrastructure provides benefits such as scalability, flexible omnichannel capabilities, and enhanced security. KONE will have five contact center hubs globally, covering 35 sites across all continents. This digital transformation is expected to optimize customer support services and foster future innovation.
Orange Business Services is set to design and build a new data center to support cloud services for Egypt’s New Administrative Capital. Collaborating with Orange Egypt, appointed as the prime contractor, the project aims to enhance ICT infrastructure in the new city, which is expected to host eight million residents. The data center will provide secure services for smart traffic, utilities management, and innovative solutions, with an investment of over $135 million. Operations are scheduled to commence in the first half of 2021.
Orange has announced the launch of its 5G Labs initiative, aiming to support businesses in testing and developing 5G technologies. A study revealed that 72% of companies seek operator support for 5G. The initiative will feature seven sites in France and expand to other European countries by mid-2021, including Romania and Belgium. It provides hands-on learning about 5G, testing opportunities under real conditions, and access to technical support from experts. This strategic move is part of Orange's broader goal to facilitate digital transformation and drive innovation in various sectors.
Getinge partners with Orange Business Services to implement a software-defined wide area network (SD-WAN), enhancing its global network performance and security. The SD-WAN solution connects over 100 sites, improving management, flexibility, and user experience, while supporting Getinge's cloud-first strategy. This adaptation is critical for responding to rapid market changes, particularly during the pandemic. Getinge's CIO highlighted the importance of this infrastructure for healthcare device support, emphasizing resilience in today's unpredictable marketplace.
New research by Orange Business Services reveals that 40% of multinational corporations struggled with supply chain issues during the pandemic. The survey, encompassing 320 enterprises, showed a heightened awareness of supply chain risks, with 83% of respondents acknowledging increased concerns. Nearly 80% of companies have accelerated digital supply chain strategies, with 50% planning to revamp risk management within two years. The study also found 85% of businesses are investing in sustainability initiatives, despite a decline in focus during the crisis.
BNP Paribas has partnered with Orange Business Services to implement an SD-WAN solution across over 1,800 bank branches in France. This collaboration aims to enhance user experience for both customers and employees during BNP Paribas's digital transformation. The SD-WAN guarantees a secure, scalable infrastructure with improved application performance. The integration includes more than 3,600 access lines and enhanced security features, demonstrating a strong partnership that prioritizes business continuity and agility.
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