Orange has announced the sale of a 50% stake in its fiber optic network operator to a group of French investors in a deal valued at approximately $3.3 billion.
In a statement, the company noted that among the buyers are Caisse des Dépôts, CNP Assurances, and EDF Invest, with the transaction expected to close by the end of the year. Orange further indicated in the statement that it would retain a purchase option, allowing it to regain control and enhance its privileges in the future. Stéphane Richard, CEO of Orange, stated that through this partnership, Orange has the necessary means to continue developing fiber in rural areas by winning new public initiative networks or participating in market consolidation, which is the main objective of its strategic plan, Engage 2025.
