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Orange celebrates first Q2 growth since 2011

Orange

Orange has said its 1H 2015 results have seen a return to form for the operator, pointing at pan-European growth in mobile and fixed broadband. 2015 saw revenue growth in Q2 for the first time since 2011 for the operator.

In the second quarter of 2015, Orange claims its revenues rose 0.4%, after seeing a decline of 0.3% in Q1. The operator says the improving trend has been brought about by the rapid growth of very high-speed fixed and mobile services in Europe and sustained growth of mobile in emerging markets across Africa and the Middle East.

According to an Orange statement, France saw net additions of 240,000 mobile contracts in 1H 2015, while claiming a total of 5.6 million 4G customers in its home market, considerably ahead of the 5.2m forecasted by Ovum’s WCIS. Elsewhere in Europe, it says it saw an additional 582,000 4G customers sign up in Spain to take its total to 3.5 million customers, while also growing its fibre presence to 159,000 customers, up by 47,000 in Q2.

In Africa and the Middle East, Orange says it saw net additions to its customer base of 4.5m in 1H 2015, compared to 2014, while its mobile money service “Orange Money” had a 37% year-on-year increase to 14.2 million customers.

Stéphane Richard, Orange’s CEO, commented on the return to revenue growth and future projections for the operator.

“We are particularly pleased with these results which mark a return to revenue growth in the second quarter, excluding regulation, for the first time since 2011,” he said. “Combined with the continued reduction of our cost structure, this performance has enabled us to stabilize our margin in the first half, excluding regulatory impacts, and even show slight growth in the second quarter. We therefore fully confirm our financial objectives for 2015. At the same time, we continue to pursue our efforts to optimize our portfolio of operations. We have strengthened our presence in Europe with the acquisition of Jazztel in Spain and in Africa we have recently announced a promising project to acquire operations in four new countries.”

At the time of writing, share prices were slightly up after the unveiling of its first half 2015 performance.


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