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Orange — M&A Activity 2015
Aug 7, 2015
1574_iss_2015-08-07_cbe75e08-4884-425c-8faf-8968126c5684.pdf
M&A Activity
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Orange signs an agreement with Ucom for the sale of 100% of its shares in Orange Armenia
The Orange Group has announced that it has signed an agreement with Ucom, an Armenian internet service provider, to sell 100% of its shares in its mobile subsidiary Orange Armenia.
This agreement will enable the creation of a strong convergent Armenian player, capable of offering its customers a broad range of fixed and mobile services.
Orange Armenia was established in 2009 after the Orange group acquired a mobile telecoms license. Orange has since deployed one of the country's most extensive 3G+ networks both in the capital Yerevan and in rural areas, and is the leader in mobile internet. Orange Armenia had 630,000 customers at the end of 2014 and employs 500 people.
About Orange
Orange is one of the world's leading telecommunications operators with sales of 39 billion euros in 2014 and 154,000 employees worldwide at 30 June 2015, including 97,000 employees in France. Present in 29 countries, the Group has a total customer base of 248 million customers worldwide at 30 June 2015, including 190 million mobile customers and 16 million fixed broadband customers. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services. In March 2015, the Group presented its new strategic plan "Essentials2020" which places customers' needs at the heart of its strategy with the aim of allowing them to benefit fully from the digital universe and the power of its new generation networks.
Orange is listed on NYSE Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN). For more information on the internet and on your mobile: www.orange.com, www.orange-business.com, www.livetv.orange.com or to follow us on Twitter: @orangegrouppr. Orange and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand
Services Limited.
Press contacts: +33 1 44 44 93 93 Tom Wright; [email protected] Olivier Emberger; [email protected]