Workflow
Orange: Reduction of the Orange liquidity contract with Rothschild Martin Maurel
ORAOrmat Technologies(ORA) GlobeNewswire·2025-02-24 17:21

Company Overview - Orange is one of the world's leading telecommunications operators with revenues of 40.3 billion euros in 2024 and a workforce of 127,000 employees globally as of December 31, 2024 [2] - The company serves a total customer base of 291 million, including 253 million mobile customers and 22 million fixed broadband customers, accounting for the deconsolidation of certain activities in Spain [2] - Orange operates in 26 countries, including non-consolidated countries, and is a prominent provider of global IT and telecommunication services to multinational companies under the brand Orange Business [3] Strategic Initiatives - In February 2023, Orange introduced its strategic plan "Lead the Future," which focuses on a new business model emphasizing responsibility and efficiency, leveraging network excellence to enhance service quality [3] Financial Operations - On February 21, 2025, Orange reduced the cash amount allocated to its liquidity contract with Rothschild Martin Maurel by 5 million euros, bringing the total amount below the 50 million euros threshold set for "very liquid shares" [1]