Orange has announced the signature of a EUR 700m loan with the European Investment Bank (EIB) to finance part of the roll-out of the Group’s very high-speed broadband network in France in Call for Expression of Investment Intentions (Appel à Manifestation d’Intentions d’Investissements – AMII) areas. An initial EUR 350m drawdown took place today; the remaining part of the loan will be made available during the first quarter of 2020.
These areas were defined in 2011 as places where population density and digital coverage were considered moderate; generally-speaking they are urban districts located outside very dense areas.
This loan will address all investments made in France and will help finance the completion of the roll-out of Orange’s networks in the AMII areas.
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About Orange
Orange is one of the world’s leading telecommunications operators with sales of EUR 41bn in 2018 and 148 000 employees worldwide at 30 September 2019, including 88 000 employees in France. The Group has a total of 268 million customers worldwide at 30 September 2019, including 209 million mobile customers and 21 million high-speed fixed broadband customers. The Group is present in 27 countries. Orange is also a leading provider of global IT and telecommunications services to multinational companies, under the brand Orange Business Services. In March 2015, the Group presented its new strategic plan “Essentials2020”, which places customer experience at the heart of its strategy with the aim of allowing them to benefit fully from the digital universe and the power of its very high-speed networks.
Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).