Orange CFO Denies Reports Of Its Telecom Network Sale

  • 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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