Demand from Enterprises and Africa Boosts Orange

Orange reported a 0.8% year-on-year rise in revenues to 10.6 billion euros on a comparable basis for the third quarter of 2019. The telecoms group said the increase was driven by 7.6% growth in Africa and the Middle East, a solid performance by its smaller European operations (up 1.4%) and by enterprise revenue growth of 1.8%. Taken together, this more than offset a slight erosion in France of -0.4%, and a more pronounced decline in Spain of -2.5%, "due to a general market move towards the middle and low segments."

Stéphane Richard,  CEO of the Orange Group, said: “These results further attest to the relevance of our very high-speed broadband network strategy. In fixed, the strong commercial momentum achieved in fibre, supported by our investments, is clear: we reached more than seven million fibre customers in Europe this quarter, an increase of 25% compared to last year. This can be seen in France in particular where we achieved 178,000 net additions, a record figure for a third quarter. The launch of the Livebox 5 at the beginning of October should also maintain this momentum." source: Orange statement