Core Insights - The company successfully completed its "Lead the Future" strategic plan for 2023-2025, achieving all objectives set for 2025, resulting in a simpler, stronger, and more efficient organization [3][4]. Financial Performance - Revenues for 2025 reached €40,396 million, reflecting a year-on-year increase of 0.9% (+€374 million), driven by a 2.2% growth in retail services [8][56]. - EBITDAaL increased by 3.8% to €12,470 million, surpassing the target of at least 3.5% growth, with significant contributions from Africa & Middle East (+13.9%) and Europe (+3.2%) [9][56]. - Consolidated net income was €1,139 million, a decrease of 60.7% year-on-year, primarily due to increased costs and impairments [12][56]. - Adjusted net income was €3,094 million, down 5.7% from the previous year [15][56]. - Organic cash flow from telecom activities was €3,653 million, up 8.3% year-on-year, while free cash flow all-in was €2,793 million, down 6.6% [16][58]. Market Position and Growth - The company maintained its leadership in a competitive European market, with a total customer base exceeding 340 million, and Africa & Middle East recorded its eleventh consecutive quarter of double-digit growth [4][7]. - A binding agreement was signed to acquire full ownership of MasOrange, positioning Spain as the second-largest market in Europe for the company [5][6]. - The PremiumFiber joint venture with Vodafone and GIC began operations, becoming the largest FiberCo in Europe with over 12 million access lines [6][7]. Operational Efficiency - The company achieved a 30.2% increase in EBITDAaL minus eCAPEX, reaching €6,262 million, supported by operational efficiency measures [10][25]. - eCAPEX was reduced by 0.4% to €6,208 million, representing 15.4% of revenues, aligning with the company's eCAPEX discipline objectives [11][57]. Regional Performance - In France, revenues decreased by 2.1% to €17,473 million, with retail services excluding PSTN growing by 0.6% [22][23]. - Africa & Middle East revenues increased by 12.2% to €8,427 million, driven by strong growth in mobile data, fixed broadband, and Orange Money [14][28]. - European revenues rose by 2.2% to €7,263 million, primarily due to retail services growth [34][56]. Sustainability and ESG - The company exceeded its GHG emissions reduction targets, achieving a 49.3% decrease in scopes 1 and 2 emissions compared to 2015, and a 16.4% reduction in scope 3 emissions compared to 2018 [19][20]. - The company also surpassed its target for digital support and training, benefiting over 3.3 million individuals between 2021 and 2025 [20].

Spain will be the first country in the European Union to launch Starlink Direct to Cell this year.In partnership with @MASORANGE_ES, the satellite-to-mobile service will connect customers in remote areas where terrestrial coverage isn’t availableMasOrange (@MASORANGE_ES):🛰 Muy felices de anunciar que desde @MASORANGE_ES y @Starlink hemos firmado un acuerdo para el servicio de #conectividad “Direct to Cell” en España. Una solución pionera de conexión satélite-móvil que refuerza nuestro compromiso con la #inn ...

Core Viewpoint - Orange has signed a binding agreement to acquire the remaining 50% stake in MasOrange for 4.25 billion euros, confirming a previously announced non-binding agreement [1][2]. Group 1: Acquisition Details - The acquisition will provide Orange with full ownership of MasOrange, Spain's leading operator by customer base [1]. - The transaction is expected to close in the first half of 2026, pending regulatory approvals and other customary closing conditions [2]. Group 2: Strategic Implications - This acquisition aligns with Orange's strategic plan "Lead the Future," aimed at strengthening its position in Spain, the Group's second-largest market in Europe [2]. - Full ownership of MasOrange reflects Orange's long-term commitment to the Spanish market and confidence in the management's ability to create value [2]. Group 3: Company Overview - As of September 30, 2025, Orange reported revenues of 40.3 billion euros and a global customer base of 310 million, including 270 million mobile customers [5]. - Orange operates in 26 countries and is a leading provider of IT and telecommunication services to multinational companies under the brand Orange Business [6].

Core Viewpoint - French telecoms group Orange has reached a non-binding agreement to acquire the remaining 50% stake in its Spanish unit MasOrange for 4.25 billion euros ($4.96 billion) [1] Group 1 - The acquisition will allow Orange to fully own MasOrange, enhancing its position in the Spanish telecom market [1] - The deal is valued at approximately 4.25 billion euros, which translates to about $4.96 billion [1] - This move reflects Orange's strategy to consolidate its operations and strengthen its market presence in Spain [1]

Core Viewpoint - Orange has reached a non-binding agreement to acquire the remaining 50% stake in MasOrange for 4.25 billion euros, aiming for full ownership and strengthening its position in Spain, its second-largest market in Europe [1][2]. Group 1: Transaction Details - The acquisition price for the remaining stake in MasOrange is set at 4.25 billion euros in cash [1]. - A binding agreement is expected to be signed before the end of 2025, contingent upon final terms and conditions [2]. - The transaction will be presented to employee representative bodies and requires clearance from regulatory authorities, with completion anticipated in the first half of 2026 [3]. Group 2: Strategic Implications - This transaction aligns with Orange's strategic plan "Lead the Future," which focuses on enhancing service quality and operational efficiency [2][4]. - Full ownership of MasOrange reflects Orange's long-term commitment to the Spanish market and confidence in the management's ability to create stakeholder value [2]. Group 3: Company Overview - As of September 30, 2025, Orange reported revenues of 40.3 billion euros and a global workforce of 124,100 employees, with a customer base of 310 million [3]. - Orange operates in 26 countries and is a leading provider of IT and telecommunication services to multinational companies under the Orange Business brand [4].

MasOrange and Zegona Communications' Vodafone Spain are among bidders vying for smaller telecom rival Excom, according to people familiar with the matter https://t.co/JEHbrVcibk ...

Singapore’s GIC has emerged as the leading bidder for a significant minority stake in a fiber-optic broadband network venture owned by MasOrange and Zegona Communications https://t.co/CJvvMBYmeR ...

The private equity owners of MasOrange are seeking at least €5 billion ($5.9 billion) for their combined 50% stake in the Spanish telecommunication joint venture https://t.co/YqXS1qKWTQ ...

Core Insights - The "Spain Telecom Operators Country Intelligence Report" provides a comprehensive overview of Spain's telecommunications market, including forecasts and analyses of key indicators through 2029 [2][4]. Market Overview - The report analyzes the current telecommunications landscape in Spain, focusing on fixed telephony, broadband, mobile, and pay-TV markets, while also addressing regulatory trends [2][7]. - The overall telecom and pay-TV services revenue in Spain is projected to decline at a CAGR of 0.5% during the forecast period from 2024 to 2029 [7]. Revenue Forecasts - Mobile data service revenue is expected to grow at a five-year CAGR of 2.1%, driven by smartphone subscription growth and government initiatives for a stronger 5G network [7]. - Fixed broadband service revenue is forecasted to grow at a CAGR of 1.9%, supported by increases in fiber and Fixed Wireless Access (FWA) subscriptions [7]. Competitive Landscape - The report examines the positioning of leading players in the telecom and pay-TV services market, including Movistar Spain, Vodafone Spain, and MasOrange, along with their subscription market shares [7][9]. - Company snapshots provide insights into the financial positions of major service providers in the telecommunications and pay-TV sectors [7]. Regulatory Environment - A review of the regulatory setting and agenda for the next 18-24 months is included, covering developments related to spectrum licensing, Digital Terrestrial Television (DTT) migration, and Internet of Things (IoT) regulations [7]. Strategic Insights - The report aims to assist executives in building proactive and profitable growth strategies by offering a thorough analysis of market trends and opportunities [7]. - It includes over 20 charts and tables designed for an executive-level audience, providing a digestible market assessment for decision-makers [7].