French telecom operator Orange reported a rise in second-quarter core profit on Wednesday, mainly on a strong performance in Africa and the Middle East. <\/p>\n
Core profit after leases rose 2.6% year-on-year to 3.11 billion euros ($119.28 million), broadly in line with a company-provided consensus that had expected 3.10 billion. <\/p>\n
That was helped by Africa and the Middle East where revenues grew 10.3%. In Europe, they declined 2.2%, but the group still made a profit there. <\/p>\n
Orange has been losing some broadband customers in France as people use less telecom services post-pandemic, and cut spending because of the rising cost of living. <\/p>\n
Asked about price cuts by competitors in France and the potential loss of customers by Orange, CFO Laurent Martinez said there was “definitely a bit of competitive pressure on the low-end of the market, on the mobile, since a few weeks”. <\/p>\n
A typical Orange mobile package in France is more expensive than from its rivals including SFR and Bouygues Telecom. <\/p>\n
Orange still reported gaining a net +104,000 mobile customers for the second quarter in France, mainly thanks to its low-cost brand Sosh. But it lost some fixed broadband customers. <\/p>\n
The group on Wednesday confirmed its full-year guidance, expecting low-single digit-growth in EBITDAaL. <\/p>\n
It also announced a non-binding agreement with Vodafone Spain to create a shared fibre-to-the-home (FTTH) network that would cover about 4 million customers. <\/p>\n
They intend to welcome a third investor in the project, Orange added.<\/p>\n","protected":false},"excerpt":{"rendered":"
French telecom operator Orange reported a rise in second-quarter core profit on Wednesday, mainly on a strong performance in Africa and the Middle East. Core profit after leases rose 2.6% year-on-year to 3.11 billion euros ($119.28 million), broadly in line with a company-provided consensus that had expected 3.10 billion. That was helped by Africa and the Middle East where revenues grew 10.3%. In Europe, they declined 2.2%, but the group still made a profit there. Orange has been losing some broadband customers in France as people use less telecom services post-pandemic, and cut spending because of the rising cost of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8],"tags":[],"class_list":["post-836910","post","type-post","status-publish","format-standard","hentry","category-telecom"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/836910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=836910"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/836910\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=836910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=836910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=836910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}