Orange has presented the results corresponding to the fourth quarter of the year 2022 in which it has registered total income of 1,204 million euros, 2.3% more than in the same period of the previous year. At the same time, all the details were known about Orange’s new business plan until 2025 called Lead the future with 20 important points. We tell you both issues related to the French operator after the jump.
We begin with the results in which they already add up to two consecutive quarters of positive growth, closing the 2022 financial year with total revenues of 4,647 million euros. In the commercial field, Orange added 56,000 new fiber customers and 628,000 contract mobile users compared to the previous year.
In total, Orange already has 20,930,000 customers, of which 16,948,000 are for mobile telephony and 3,982,000 for fixed broadband. Of these fixed broadband customers, 85% currently enjoy convergent offers. In addition, Orange’s FTTH already accounts for 89% of the fixed broadband base. That is possible by adding 718,000 real estate units since the end of 2021.
The French operator is proud of meeting the deployment objective that had been set for 2022, but also of leading the XGSPON network that allows it to offer speeds of 10 Gbps. Here, according to them, it has the largest network in our country that reaches 900,000 Spanish homes.
In the field of 5G, coverage reaches 78.4% of the Spanish population. This allows access to this type of coverage in 1,844 municipalities spread over 52 provinces. As if that were not enough, this week the activation of 5G SA, which will be known commercially as 5G+, has been confirmed in 4 cities and on 6 devices. By June 2023 it will reach 18 cities with compatibility with 11 devices.
Orange’s 20 Commandments to 2025
The Orange Group has a new business plan that will be applied until 2025. Under the name of Lead the future, it sets a total of 20 commitments to transform the company. These are the 20 points:
- Cost reduction: To the 700 million saved between 2019 and 2022, Orange plans to cut another 600 million until 2025.
- Dividend increase: This will be placed at 72 cents for 2023 and 75 cents for 2024.
- Financial targets: Single-digit growth is expected under EBITDA.
- Organic growth: They intend to place the cash flow at 4,000 million euros and improve the average income per offer.
- Efficiency: improve operations by better adapting to the current environment.
- Investments in Europe: Slow down investments having reached a ceiling in aspects such as fiber deployments.
- Spain: Regarding the future in Spain with MásMóvil, they explain that “the combination with MásMóvil will provide the future entity with the financial capacity and scale necessary to continue investing and contributing to the development of competition through infrastructures, for the benefit of consumers and companies”.
- End to copper: Orange is committed to migrating all customers to FTTH.
- End to 2G and 3G: Turn off all networks of this type before 2030.
- New services: à la carte business networks, WiFi of the future…
- Cybersecurity: completely reposition its commercial offer in this area to be a European leader.
- Africa and the Middle East: continue to invest in these regions.
- Cell Tower Efficiency: Confidence in TOTEM Cell Tower Business.
- Financial services: transforming Orange Money and opening the bank to the whole world.
- AI: Bet on artificial intelligence to offer a personalized experience to customers.
- Network virtualization: Bet on the Network Integration Factories division to accelerate the automation and virtualization of network management.
- Satellite: own commercial offer in France with this technology to offer connectivity where fiber does not reach.
- Orange Business: bet on this division so that it grows again at its maximum in 2025.
- Environment: reduction of emissions of more than 30% in 2025.
- Training: commitment to the professional development of employees in key areas such as cloud, cybersecurity or AI.
