Orange Q2 profit rises helped by Africa and Middle East
Corrects currency conversion in paragraph 2
July 24 (Reuters) -French telecom operator Orange ORAN.PA reported a rise in second-quarter core profit on Wednesday,mainly on a strong performance in Africa and the Middle East.
Core profit after leases rose 2.6% year-on-year to 3.11 billion euros ($3.37 billion), broadly in line with a company-provided consensus that had expected 3.10 billion.
That was helped by Africa and the Middle East where revenues grew 10.3%. In Europe, they declined 2.2%, but the group still made a profit there.
Orange has been losing some broadband customers in France as people use less telecom services post-pandemic, and cut spending because of the rising cost of living.
Asked about price cuts by competitors in France and the potential loss of customers by Orange, CFO Laurent Martinez said there was "definitely a bit of competitive pressure on the low-end of the market, on the mobile, since a few weeks".
A typical Orange mobile package in France is more expensive than from its rivalsincluding SFR and Bouygues Telecom.
Orange still reported gaining a net +104,000 mobile customers for the second quarter in France, mainly thanks to its low-cost brand Sosh. But it lost some fixed broadband customers.
The group on Wednesday confirmed its full-year guidance, expecting low-single digit-growth in EBITDAaL.
It also announced a non-binding agreement with Vodafone Spain to create a shared fibre-to-the-home (FTTH) network that would cover about 4 million customers.
They intend to welcome a third investor in the project, Orange added.
($1 = 0.9217 euros)
Reporting by Olivier Sorgho and Leo Marchandon; Editing by Christian Schmollinger and Alex Richardson
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
