Key Giveaways:
- Strong Regional Growth: Orange’s Africa and Middle East unit delivers impressive 10.5% revenue growth, driven by strong performance across retail services.
- Group Revenue Increase: Overall group revenues rise by 1.6% year-on-year, with the Africa and Middle East unit being the primary growth driver.
- Digital Services Success: Orange’s innovative Max-It multi-service digital platform contributes to the positive results, attracting a growing user base.
Paris, France – Orange, a global telecommunications operator, has announced positive third-quarter financial results, with its Africa and Middle East unit playing a pivotal role in driving growth. The region delivered a 10.5% year-on-year revenue increase, contributing significantly to the group’s overall 1.6% revenue growth.
“Africa and the Middle East have again delivered a very strong performance, with growth of 10.5%,” said Christel Heydemann, CEO of Orange. “Our innovative Max-It multi-service digital platform is attracting ever more users. Orange’s activities are a genuine lever for economic development in Africa, from which we also benefit.”
The strong performance in Africa and the Middle East was fueled by positive results across various retail services, including voice, data, fixed broadband, Orange Money, and B2B offerings. This highlights the success of Orange’s strategy in the region and its ability to cater to diverse customer needs.
While the European unit experienced a decline due to poor wholesale performance, Orange’s home market, France, showed growth driven by retail services. Orange Business revenue, however, declined due to lower demand for fixed services.
Despite these challenges, Orange recorded an 8.5% increase in mobile accesses, reaching 253 million, and saw growth in its converged customer base, reaching 9.1 million. The company also highlighted its successful role in providing connectivity for the Paris 2024 Olympic Games, which attracted a global audience of over 3 billion viewers.
“The strong third-quarter results demonstrate the soundness of our strategy, the great competence of our teams, and the role we can play as our customers’ trusted operator,” added Heydemann.
Orange’s continued success in Africa and the Middle East reinforces the importance of this region to the company’s overall growth strategy. By focusing on innovative digital services and expanding its reach across various market segments, Orange is well-positioned to maintain its positive momentum and contribute to the ongoing digital transformation in the region.Sources and related content
