Orange, France’s leading telecoms operator, last week announced that it has entered into an exclusivity agreement with a consortium of three investors to create a new fibre optic unit Orange Concessions.
The consortium will invest about 1.3 billion euros for 50% stake in Orange Conscessions. With 23 public initiative networks (PIN) representing over 4.5 million built or to-be-built plugs, Orange Concessions will be France’s leading fibre-to-the-home (FTTH) operator of networks rolled out and operated on behalf of local public authorities.
The partnership between Orange, France’s and Europe’s leader in fibre roll-out, and long-term and renowned investors in both infrastructure and local development will enable Orange Concessions to fully seize growth opportunities. This transaction will allow Orange to support its ambitions in public initiative networks while sharing required investment.
The networks operated by Orange Concessions on behalf of local public authorities are open to all operators. Fibre roll-out and maintenance will continue to be performed by Orange who holds an efficient and proven industrial tool. On a local level, the teams working in partnership with local authorities with maintain the same level of mobilisation and commitment.
Stéphane Richard, Chairman & CEO of Orange
Through this partnership, Orange holds the means to pursue the development of fibre in rural areas, by winning new public initiative networks or by participating in market consolidation.
