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Share Name | Share Symbol | Market | Type |
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Orange | NYSE:ORAN | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 11.49 | 2,381 | 13:04:13 |
By Mauro Orru
Orange said Monday that its Polish business Orange Polska agreed to establish a fiber-rollout joint venture with APG valued at 605 million euros ($720 million).
The French telecommunication company said Orange Polska would receive EUR303 million from APG, with 65% to be transferred on closing and the rest between 2022 and 2026.
The 50-50 joint venture is set to bring fiber to an additional 1.7 million homes in Poland over the next five years.
"APG is a global leader in infrastructure management and will provide us with the financial backing necessary to achieve our ambitious five-year fiber rollout program in Poland," said Mari-Noelle Jego-Laveissiere, Orange's Deputy Chief Executive in charge of European operations outside France.
Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94
(END) Dow Jones Newswires
April 12, 2021 02:40 ET (06:40 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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