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Stock Market & Financial Investment News

News Breaks
May 15, 2014
17:55 EDTORANOrange looks to consolidate French telecommunications landscape, WSJ says
Orange says it is exploring opportunities to consolidate the telecommunications market in France, says the Wall Street Journal. According to people familiar with the matter, Orange and Bouygues have discussed a possible tie-up but talks are at a preliminary stage, added the WSJ. Reference Link
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March 23, 2015
07:27 EDTORANCityFibre claims BT takeover of EE is anticompetitive, The Telegraph says
CityFibre has filed a claim with British antitrust authorities alleging BTís (BT) GBP12.5B takeover of EE is anticompetitive, reports The Telegraph, citing statements by CityFibre CEO Greg Mesch. BT has claimed that it will immediately cut costs if the takeover proposal succeeds, and CityFibre believes its earlier contract with EE to expand its fibre-optic network will be "effectively neutered." EE is a joint venture by Orange (ORAN) and Deutsche Telekom (DTEGY). Reference Link
March 17, 2015
06:10 EDTORANOrange SA sees 2018 revenues higher than 2014 revenues
On the financial side, the objectives for the Group are as follows: 2018 revenues will be higher than 2014 revenues. Restated EBITDA in 2018 will be higher than restated EBITDA in 2014, with a low point in 2015 of between 11.9 and 12.1 billion euros, in line with the Groupís previously stated objective. The Group will maintain a healthy financial balance sheet, with a restated net debt to EBITDA ratio of 2x over the medium term. Concerning the dividend, the Group will maintain a minimum of 60 euro-cents per year over the period 2015-2018, without excluding the possibility of an increase depending on restated EBITDA performance.
06:10 EDTORANOrange SA to invest over EUR15B in networks from 2015-2018
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