Orange Concessions, the new company 50% owned by Orange and 50% owned by a consortium made up of La Banque des Territoires (Caisse des Dépôts), CNP Assurances and EDF Invest, is now operational.
Orange Concessions comprises 24 Public Initiative Networks (PIN), under contract with local authorities, in Metropolitan France and overseas territories. These networks ultimately represent over 4.5 million households connected to fiber, making Orange Concessions the leading infrastructure operator in rural France.
At the signing, Stéphane Richard, Chairman and CEO of Orange said: “By 2025, 30% of FTTH connections in rural areas of France will be operated by Orange Concessions. Over the past ten years, Orange has been the undisputed leader of this major infrastructure project in France. I am now delighted that long-term investors – recognized for their infrastructure expertise and their proximity to local authorities – have acquired a stake in Orange Concessions. Orange is more committed than ever to being the go-to partner for local authorities in their regional digital development projects.”
Olivier Sichel, Deputy Chief Executive Officer of the Caisse des Dépôts and Managing Director of La Banque des Territoires said: “The target to reach 100% coverage by 2022 set-out in France’s Very High Speed Broadband plan requires the mobilization of everyone. By investing in Orange Concessions alongside CNP Assurances and EDF Invest, La Banque des Territoires continues to fight against regional exclusion, of which the digital divide is one possible cause.
https://orangeconcessions.com/fr/
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