Displaying items by tag: Orange Group
France’s Orange Group confirmed profits of more than that achieved in 2016 on a comparable basis in its Q2 2017 financial results. It was the first time the company has returned to profit in France since 2009. Orange said the strong results were driven by strong commercial momentum by investment and continuing efforts on the transformation of the cost structure.
“The acceleration seen in the Group’s growth was confirmed by the first-half results, and in particular the performance in the second quarter, driven by France, Europe and Africa and the Middle East,” said Orange Group Chairman and CEO Stephane Richard. “In France, we returned to growth for the first time since 2009.”
Richard added that Orange’s performance in Spain, and more generally across Europe, was “excellent” with strong revenue growth underpinned by a significant increase in high-speed broadband customers.
“The strategy that we have been following for several quarters, which centered on giving customers an unbeatable experience through convergence around the home and a quality network, is now yielding results,” he said.
“We have converted more than half of our revenue increase into EBITDA, demonstrating a good balance of growth and profitability. This has enabled us to reaffirm our objective of delivering growth in adjusted EBITDA for the full year 2017,” Richard added.
The company also strengthened its content offering in the first half of the year through the creation of Orange Content and the signing of a number of agreements with prestigious partners such as Canal+, its historic partner, and HBO. Richard said the company remains convinced that content is an effective tool for improving its offerings and keeping customers loyal while protecting value.
Orange’s revenues were 20.276 billion euros in the first half of 2017, an increase of 1.1% (+222 million euros) following an increase of 0.9% in the 2nd half of 2016 (+188 million euros).
The improved trend in the 2nd quarter was principally tied to the recovery in the Africa & Middle East segment, a continued strong performance in Spain and the return to growth in France for the first time since 2009.
The Group had operating income of 2.434 billion euros in the 1st half of 2017, an increase of 293 million euros compared with the 1st half of 2016. Operating income from the telecom activities was 2.462 billion euros, an increase of 321 million euros.
Net income was 830 million euros in the 1st half of 2017, compared with 3.323 billion euros in the 1st half of 2016. The decrease of 2.493 billion euros between the two periods was mainly linked to the impact of the sale of EE in January 2016. Net income from continuing operations declined 244 million euros. Excluding the impact of a charge related to the shareholding held in the BT Group (-349 million euros), net income from continuing operations improved 105 million euros.
French telecom giant Orange hosted the Egyptian Minister of Communications and Information Technology, HE Eng. Yasser ElKady, at its facilities in Paris, France, from July 17-18. Orange hosted the Minister to reinforce its presence in Egypt – a presence of “utmost importance” for Orange’s future development in Africa and the Middle East.
The Minister was welcomed by the Egyptian Ambassador in Paris, Ehab Badawi and by Jean-Marc Harion, CEO of Orange Egypt. He also met with several members of the Group’s Executive Committee including Bruno Mettling (Orange Group Deputy CEO; Chairman and CEO of Orange Middle East & Africa), and Mari-Noëlle Jégo-Laveissière (Orange Group Senior Executive Vice-President of Innovation, Marketing and Technologies).
“We are honored to host his Excellency Engineer Yasser Al-Kady at the Orange Group’s headquarters in Paris. The Group’s presence in Egypt is of utmost importance to our future development in Africa and the Middle East, and we have great confidence in the potential for development within the Egyptian economy,” said Mr. Mettling.
“This visit also reflects the Orange Group’s willingness to work with the Egyptian Ministry of Communication and Information Technology in order to strengthen cooperation between our two countries in a context that encourages foreign investment.”
The Minister visited Orange’s flagship smart store in central Paris and the Group’s innovation campus, Orange Gardens. The emblematic smart store was opened in November 2016 and showcases the Group's approach to customer experience, which is a key element of its strategy.
He also visited the Group’s new innovation campus in Chatillon, Orange Gardens, which was inaugurated in June 2016 by the former French President François Hollande. The 72,000m² eco-friendly site brings together more than 3,000 employees across all areas of research and innovation.
The campus was conceived to foster new ways of working to increase Orange’s innovation capabilities and better interact with the Group’s other innovation centers across the globe. During the visit, the Minister was able to witness first-hand the latest advances made by Orange as it prepares for the future launch of 5G networks.
The Minister also attended meetings organized with senior managers on topics such as opportunities for telecom operators in the fields of mobile money, energy or m-agriculture. Exchanges were also held on the Group’s efforts to support start-ups, notably through Orange Digital Ventures, as well on topics related to the B2B market including smart cities and cyber-defense.
As a result of the meetings, Orange is contemplating leveraging the opportunities offered by new technology zones, including in Assyut, to install customer service centers. Also, as part of the Orange Group's interest in supporting emerging, innovative companies, it was agreed to support and fund technology-focused start-ups in Egypt to help them to transform their ideas into reality while creating a sustainable business model.
French telecom giant Orange Group recently launched its brand in Burkina Faso in West Africa. Less than one year after the closing of the Group’s acquisition of Airtel, together with Orange Côte d’Ivoire, the announcement demonstrates Orange’s ambitions for the West African market.
Orange will pursue its development in mobile financial services and 3.75G mobile Internet, where it was the first operator to launch and is today the uncontested leader in Burkina Faso. Its Orange Money solution for international transfers will be further expanded in the West African Economic and Monetary Union (UEMOA).
The expansion of its optical fibre network will contribute to increasing its brand awareness as the leading provider of Internet access and connectivity to enterprises. Thanks to an ambitious network modernization plan and the strength of its parent company’s innovation capability, Orange Burkina Faso will bring an incomparable customer experience to its 6.3 million subscribers.
Bruno Mettling, Deputy Chief Executive Officer of the Orange group and Chairman and CEO of Orange MEA (Middle East and Africa), commented: “It is a great honor for the Orange group to inaugurate its presence in Burkina Faso at a time when the country is resolutely engaged in a vast economic development program. The arrival of the Orange brand testifies to our commitment to providing the benefits of the digital ecosystem to the entire population of Burkina Faso.”
Ben Cheick Haidara, CEO of Orange in Burkina Faso, added: “Today, customers in Burkina Faso are more demanding and the way they use digital services has evolved; we are at a decisive turning point in the development of the telecoms market. Our ambition is to continue the work accomplished in recent years in the mobile money and mobile Internet fields to make Orange the leading partner for Burkina Faso’s digital transformation.”
Orange is present in 21 countries in Africa and the Middle East, where it has more than 120 million customers. With 5.2 billion euros in revenues in 2016 (12% of the total), this region is a strategic priority for the Group. Orange Money, its flagship offer for money transfers and mobile financial services is currently available in 17 countries and has more than 30 million customers.
French telecom giant Orange Group and Huawei announced that they have signed a partnership to cooperate in 5G and cloudification. Teams of both companies will work together on these technologies and related use cases, in order to foster 5G innovation on three areas: infrastructure, operations, and ecosystem development.
As telecom partners would have to focus their preparations to 5G on three areas: infrastructure, operations, and ecosystem development, Huawei and Orange will cooperate on key 5G enabling technologies, such as: Massive MIMO (Multiple-Input Multiple-Output); cloudification of the mobile network; Network Slicing; 4G and 5G power and channel sharing within spectrum bands. Both partners will also focus on specific 5G use cases: Augmented Reality/Virtual Reality; Ultra large Coverage for Africa; Energy Efficiency; and Fixed Mobile Convergence.
“Preparing network evolution from 4G to 5G is key for Orange,” said Alain Maloberti, Senior Vice President Orange Labs Networks at Orange. “We are happy to collaborate with Huawei on technological challenges that will make augmented and virtual reality future usages possible, as well as increase our mobile network performances such as very low latency and even higher throughput when and where it matters for our customers in Europe and in Africa.”
Zou Zhilei, President of Carrier Business Group, Huawei, added, “We are happy to announce a new step in our long-term cooperation with Orange Group, in mobile technologies and especially with 5G around the corner. Until today this cooperation has led to the successful introduction of new solutions, including 4G and 4.5G; and now we jointly explore the potential of 5G networks in order to make 5G a reality for Orange in the coming years. Also, it perfectly showcases our commitment with our top customers to help them build a better connected world.”
Orange announced the launch of the Orange brand in Egypt; the Orange brand has replaced the Mobinil brand. Egypt is the latest subsidiary of the Orange Group to adopt the Orange brand and is the Group's largest operation in terms of customer numbers (33.4 million customers at the end of December 2015) and contributes over 27% of its revenues for the Middle East and Africa region.