Key Developments: Orange SA (ORAN.PA)

ORAN.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Orange announces issuance of hybrid bonds for 3 bln euros
Wednesday, 24 Sep 2014 01:11pm EDT 

Orange SA:Announces issuance of hybrid bonds for 3 bln euros in context of proposed Jazztel acquisition.Bonds issued in three tranches.1 bln euros bonds issued with 4 pct coupon and 7-year first call date.1.25 billion euros bonds issued with 5 pct coupon and 12-year first call date.600 mln pounds (about 766 mln euros) bonds issued with 5.75 pct coupon (4 pct after swaps in euro) and 8.5-year first call date.  Full Article

Orange to launch a voluntary offer to buy Spanish operator Jazztel
Monday, 15 Sep 2014 05:08pm EDT 

Orange SA:To launch a voluntary offer to buy 100 pct of the Spanish operator Jazztel.The offer is priced at 13 euros per share in cash.The price of 100 pct of Jazztel`s capital amounts to 3.4 billion euros.The offer is conditional on the acceptance of at least 50.01 pct of Jazztel`s capital, excluding shares for which an irrevocable undertaking agreement has been signed.The main shareholder, Leopoldo Fernandez Pujals, who holds 14.5 pct of the capital, has made a commitment to participate in the offer.Orange SA will issue a combination of financial instruments: securities giving access to its share capital for a maximum amount of two billion euros and perpetual subordinated hybrid bonds.The equity credit of such a financing package, as granted by rating agencies, is planned to equal the total consideration eventually paid to Jazztel shareholders.The cash tender offer is not conditional upon the obtention of financing.In this context, Orange confirms its financial objectives.  Full Article

Orange SA Business Services wins strategic satellite communication contract
Tuesday, 2 Sep 2014 04:00am EDT 

Orange SA:Announces that it has won $12 million contract which covers communications between Oslo headquarters and 14 oil and gas production vessels to help BW Offshore implement "at sea" offices.Says Orange Business Services is providing Maritime VSAT - a fully managed end-to-end satellite-based communication solution - which fully integrates BW Offshore's 14 vessels and two land-based locations into the Orange MPLS network.Says this solution offers BW Offshore personnel access to the exact same business applications, communication and entertainment services at sea as on land, no matter where the vessel is located.Says in addition, BW Offshore has agreed to invest in Session Internet Protocol (SIP) trunking - the use of voice over IP to facilitate the connection of a private branch exchange (PBX) to the Internet.  Full Article

Orange confirms FY 2014 EBITDA guidance
Tuesday, 29 Jul 2014 01:31am EDT 

Orange SA:Confirms FY 2014 target of adjusted EBITDA of 12-12.5 billion euros.Sees stable adjusted EBITDA margin for FY 2014.FY 2014 EBITDA 12.046 billion euros-Thomson Reuters I/B/E/S Estimates.  Full Article

BNP Paribas and Orange launch new mobile banking services in Africa
Sunday, 15 Jun 2014 08:00pm EDT 

BNP Paribas SA:Orange and BNP Paribas group offer retail banking customers in Africa direct access between their BNP Paribas account and their Orange Money account through their mobile phones.New service is available in Cote d’Ivoire and will be extended to other countries in which BNP Paribas and Orange Money are present, particularly Senegal.  Full Article

Orange to deploy optical fiber in Annecy-le-Vieux
Thursday, 5 Jun 2014 08:00pm EDT 

Orange SA:Unveils together with municipal authorities of Annecy-le-Vieux plan to deploy optic fiber to all housings up to beginning of 2015.Plans to supply whole area with Very High Speed Broadband.  Full Article

Orange Business Services awarded contract by Oetiker Group
Thursday, 5 Jun 2014 04:00am EDT 

Orange SA:Says Orange Business Services has won global wide area network (WAN) and embedded security services contract with Oetiker Group, a Swiss provider of clamping and connection solutions.Orange network will connect 1,200 Oetiker employees in 21 countries.Oetiker Group is consolidating its worldwide WAN infrastructure from several providers and different technologies to the Orange network.  Full Article

Orange to dispose entire 8 pct stake in Bull within Atos public tender offer
Wednesday, 28 May 2014 10:28am EDT 

Orange SA:Supports public tender offer presented to Bull's Board of Directors within Atos' friendly bid to takeover Bull.Decides, in context of this operation, to dispose of integrality of its 8 pct participation in Bull.  Full Article

Orange appoints Ramon Fernandez chief financial officer
Monday, 26 May 2014 08:00pm EDT 

Orange SA:Appoints Ramon Fernandez deputy chief executive and chief financial officer.  Full Article

Orange SA signs agreement with Africell Holding for sale of its majority stake in Orange Uganda
Monday, 19 May 2014 02:31am EDT 

Orange SA:Announces that, in the framework of a regular review of its portfolio of assets, it has signed an agreement with Africell Holding for the sale of its majority stake in Orange Uganda.Says that the transaction is subject to approval from the relevant authorities.  Full Article

UPDATE 1-Regulator allows Bouygues-SFR network deal to go ahead

PARIS, Sept 25 - France's competition regulator rejected a request by Orange to suspend a mobile network sharing agreement between rivals Bouygues Telecom and SFR, saying it did not pose an immediate or serious threat to consumers or the sector.

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