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Broadband

Orange sells 50% of FTTH infrastructure business in rural France

Monday 25 January 2021 | 09:43 CET | News
Orange has entered into an exclusivity agreement with a group of investors for the sale of a 50 percent stake and co-control of Orange Concessions, a new venture that will operate all the open access fibre networks that the company has been deploying in French rural areas. The deal, expected to close by end-2021, values the venture at EUR 2.675 billion. It includes a call option that will enable Orange to take control and consolidate Orange Concessions in the future.

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Categories: Fixed
Companies: Orange / Orange France
Countries: France
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