Orange CFO Denies Reports Of Its Telecom Network Sale

April 26, 2022 9:24 AM | 29 seconds read | Make a Comment

Orange ORAN does not plan to sell its physical telecoms network, Reuters reports.
CFO Ramon Fernandez denied news of Orange exploring the sale of its 734,000 kilometers of underground lines and its 15 million telephone poles worth €8 billion to an infrastructure fund.
Orange recently collaborated with AST SpaceMobile to examine the opportunity for Orange to test the SpaceMobile service in one African country.
Price Action: ORAN shares traded lower by 0.58% at $11.96 in the premarket on the last check Tuesday.

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