Nicolas Cote-Colisson's questions to Orange SA (FNCTF) leadership • Q1 2025
Question
Nicolas Cote-Colisson of HSBC posed several questions, first on the demand for low-cost fiber-only offers in France and the impact of FX volatility in the Middle East & Africa. He later asked about the business opportunity for 5G+ at Orange Business and the expected EBITDAaL losses from Orange Bank.
Answer
Executive Jean-François Fallacher stated there has been no material impact on Orange's customer base from low-cost fiber offers. Executive Laurent Martinez noted that Africa CapEx is largely in dollars, creating a tailwind, and that Orange Bank losses will see a 'meaningful improvement' in 2025 before the bank's closure. CEO Christel Heydemann commented that it's still early to gauge the pickup of B2B 5G+ offers.