Orange Chief Initiates Internal Probe in Latest Network Outage - Orange (NYSE:ORAN)

French telecom company Orange SA ORAN Chair and CEO Stephane Richard initiated an internal investigation into this week’s network outage, which barred emergency phone calls in France, Reuters reports.
The report’s conclusion is estimated to arrive within a week. Orange reiterated it had resumed the network’s operations.
Health minister Olivier Veran was yet to establish any link between the outage and three to four deaths recorded during the period.
The French government and state bank Bpifrance together hold around 23% of Orange’s share capital, making the French state Orange’s biggest individual shareholder.
The disruption to French emergency phone services begun on Wednesday afternoon before being entirely fixed by Thursday.
Richard did not ascribe the outage to any attack, malicious act, human error, or maintenance issue.
Price action: ORAN shares traded lower by 0.16% at $12.85 on the last check Friday.