Orange sees strong growth in MEA

Middle East and African operations help offset stagnation in other markets
Stephane Richard said that recovery in Egypt and Ivory Coast strengthened the telco's Q1 results.
Stephane Richard said that recovery in Egypt and Ivory Coast strengthened the telco's Q1 results.


Orange Group, France’s incumbent telecom operator, posted strong growth from its Middle East and African operations for the first quarter of the year, helping to offset stagnation in its more developed markets.

The telco, which is also known as France Telecom, posted overall group EBITDA of EUR 3.432 billion ($4.37bn) in Q1 2012, a decline of 7% compared to the previous year’s EUR 3.689 billion.

The group reported consolidated revenues of EUR 10.922 billion, a fall of just 0.1% compared to the same period last year.

In contrast, Orange said that its operations in Africa and the Middle East saw revenue growth of 6.8%, with recovery in Côte d’Ivoire and Egypt.

The company generated revenue of EUR 1.001 billion from its Africa and Middle East operations in the first quarter of the year, representing a 6.3% increase on the same period last year. Uganda saw the strongest revenue growth (+57%), while Niger, Ivory Coast and Egypt grew by 29%, 17% and 3.5% respectively.

Orange’s African operations also experienced strong subscriber growth Mali up by 41%, Nigeria up by 31%, Cameroon 27% and Ivory Coast 9%.

Stéphane Richard, CEO and chairman, Orange, said: “I would like to highlight the good performance of our international activities, particularly in Spain, which grew 4.5%, and in emerging markets, which posted 6.8% growth helped by the recovery in Egypt and Côte d’Ivoire.”

Last year, it was reported that Orange was planning to expand its presence in the Middle East and Africa through mergers and acquisitions.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story