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 Group has committed to invest in the Digital Health 2 (DH2) fund, managed by LBO France, with a total of €200 million aimed at e-health SMEs in France and Western Europe. This investment is expected to foster innovation within the e-health sector, enhancing operational synergies and strengthening Orange's strategic positioning. The move aligns with the growing potential in e-health, enabling companies to become leaders in this field. The fund's management team will collaborate closely with Orange, indicating a promising partnership for future growth in the digital health landscape.
SITA and Orange Business Services have launched a multi-tenant edge SD-WAN platform at over 60 airports worldwide through SITA's AirportHub. This platform enhances connectivity for airlines, enabling cost efficiencies and scalable cloud migration. With existing deployments at key airports like Sydney and Zurich, SITA Connect SDN provides on-demand bandwidth, optimizing operational costs while meeting unpredictable traffic volumes due to the pandemic. The initiative aims to reduce capital expenditures by minimizing hardware reliance through software advancements.
Tricolor, a leading Russian digital services operator, partners with Orange Business Services to enhance its customer service capabilities using Genesys Engage technology. This new omnichannel platform will enable Tricolor to engage with its 12.2 million customers across various communication channels, improving customer experience. The implementation took just six weeks, maintaining business continuity. The solution introduces speech analytics for better insights into customer interactions, aimed at optimizing processes and providing efficient self-service options.
Cavli Wireless has partnered with Orange Business Services to bundle IoT modules with LTE-M connectivity for enterprise customers globally. This offering allows businesses to avoid upfront CAPEX with a monthly subscription, enhancing battery life for IoT devices. The collaboration supports innovations in sectors like healthcare and smart cities, with plans to onboard 200,000 devices in the next year. The LTE-M network provides extensive coverage, facilitating real-time asset tracking and new applications, positioning Cavli as a leader in industrial IoT.
KDDI has chosen Orange Business Services to provide a tailored IoT platform for Japanese automotive giants Toyota and Mazda. This platform will enable connected car services across 63 European countries, enhancing driver experiences with security and advanced features. The integration with KDDI's platform will leverage Orange's cellular connectivity for secure IoT solutions. This partnership aims to meet consumer demands for innovative driving technologies.
SHV Energy has partnered with Orange Business Services to implement IoT connectivity for smart telemetry on gas tanks in Europe and the US. This initiative aims to enhance gas delivery services, improve infrastructure management, and ensure supply security while reducing fuel costs and carbon emissions. Smart devices will monitor gas levels and notify SHV Energy of any malfunctions. The Orange global network facilitates data transfer for optimizing delivery routes. This collaboration emphasizes the importance of reliable IoT solutions in the energy sector.
Orange Business Services is focusing on the healthcare sector as part of its 2025 strategic plan. It has reorganized its healthcare entities, transferring B2B activities from Orange Healthcare to Enovacom, which now has a team of 250 employees based in various locations including Marseille and London. This move aims to enhance interoperability and digital transformation, addressing key challenges like health data protection and patient journey digitization. Enovacom aims to leverage the strengths of the Orange Group for growth in e-health, supporting over 1,600 customers.
Orange and Schneider Electric have commenced the first deployment of indoor 5G in the French industrial sector at the Le Vaudreuil factory. The trial aims to enhance industrial processes using 5G's low latency and high throughput. Two primary use cases include implementing augmented reality for maintenance and using a telepresence robot for remote visits. This initiative demonstrates the potential of 5G in synchronizing data in real-time, improving efficiency, supporting remote work, and reducing costs.
Orange has released its 2020 first-half financial results, highlighting significant milestones and the impact of Covid-19. The Company reported 42 billion euros in sales in 2019, with a customer base of 266 million. The CEO discussed segments like CAPEX, organic cash flow, cost reduction strategies, and dividends. The Engage 2025 strategic plan aims to innovate using data and AI while promoting social and environmental accountability.
Orange and Google Cloud have announced a strategic partnership to enhance Orange's IT infrastructure and develop cloud services, particularly in edge computing. This collaboration aligns with Orange's Engage 2025 plan, focusing on artificial intelligence (AI) and data utilization to improve operational efficiency. Both companies will jointly create an Innovation Lab and a Center of Excellence to foster growth and training in AI and cloud services. The partnership aims to bolster Orange Business Services' offerings and expand Google Cloud's footprint in Europe.
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