Orange presents its 2023 ambitions in 3 areas

Orange outlined its ambitions for three of its growth drivers: Orange Africa & the Middle East, Orange Business Services and Orange Cyberdefense.Orange Africa & the Middle East: achieve annual double-digit EBITDAaL growth by 2023For more than 20 years, Orange has developed Africa & the Middle East into a key area for sustainable growth. Orange currently offers digital services in 18 countries in the region. By 2023, the Group aims to...

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Arianespace launches Eutelsat QUANTUM satellite

Arianespace successfully launched Eutelsat's QUANTUM satellite into Geostationary Transfer Orbit using an Ariane 5 rocket from the Guiana Space Center in Kourou, French Guiana.The satellite, which was built by Airbus Defence and Space offers in-orbit reprogrammable features that will enable government and mobility customers to actively define and shape performance and reach.The satellite provides coverage of the MENA region and beyond.Commenting...

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Canada completes 3500 MHz band auction

The government of Canada raised a record C$8.9 billion (US$7.2 billion) through the auction of 1,504 licenses of 3500 MHz spectrum. The following provisional results were announced.https://www.ic.gc.ca/eic/site/smt-gst.nsf/eng/sf11722.h...

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Xavier Niel bids EUR 182 per share to privatize Iliad

Xavier Niel, the founder and controlling shareholder of iliad, launched a simplified public tender offer for iliad valued at 182 euros per share, representing a premium of 61.0% on the closing share price at July 29, 2021.Xavier Niel and iliad’s managers and long-standing shareholders who have undertaken to tender their shares to the offer, and/or transfer their shares to Xavier Niel’s holding companies, directly and indirectly own 74.9% of iliad’s...

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Nokia's Q2 net sales up 4% yoy, growth across all business groups

Nokia announced Q2 net sales of EUR 5.313 billion up 4% yoy on a reported basis and up 9% yoy on a constant currency basis, driven by growth across all business groups, with particular strength in Network Infrastructure. Q2 comparable diluted EPS was EUR 0.09 and reported diluted EPS was EUR 0.06.Based on the strong performance, Nokia increased upwards its full-year outlook. The company now expects a comparable operating margin between 10-12% for...

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Telefonica to acquire Cancom UK&I for managed services

Telefónica Tech agreed with Cancom Group to acquire Cancom UK&I for EUR 398 million euros valued at a multiple of 13.5x EV/OIBDA (based on 2021E). Telefónica Tech said the deal will strengthen the capabilities of its Cloud and Cybersecurity division in the UK and Ireland. Cancom UK&I has 600 professionals, joining the Telefónica Tech team, and a broad and strong digital services portfolio including professional services and managed services...

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