0
General

Orange may sell less-profitable subsidiaries in Africa - CEO

Friday 29 November 2013 | 10:00 CET | News
Orange sold its profitable subsidiary in the Dominican Republic because its synergies with the rest of the group were not strong enough, according to the executive vice president for strategy and development, Elie Girard. He said to Les Echos, "The local market is converging between fixed and mobile. We did not want to take this path, which would have been financially costly." Speaking to La Tribune, group chairman and CEO Stephane Richard stated that African units may also be put up for sale, notably the less profitable ones. Brokerage house Oddo sees in this the view of shareholders that a

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Orange
Countries: Africa / World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Mobinil becomes Orange in Egypt

Published 09 Mar 2016 09:06 CET | Egypt
Orange has announced the launch of the Orange brand in Egypt, replacing the Mobinil brand. Egypt is the French operator's largest ...

IHS seeks to buy Sonatel towers - report

Published 09 Dec 2013 09:40 CET | Senegal
African infrastructure provider and investor IHS is the frontrunner in the process to acquire towers belonging to Sonatel, ...

France Telecom offers little to support growth forecasts

Published 31 May 2011 17:43 CET | France
France Telecom has presented its targets for the period 2011-15 at an Investor Day in Paris. This follows its 'Conquests 2015' ...

Orange aims for 300 million customers by 2015

Published 05 Jul 2010 08:39 CET | World
France Telecom-Orange has unveiled a five-year action plan called 'Conquests 2015' and featuring its objective of increasing its ...