Orange said late Friday that it has formed Orange Concessions, a company that gathers its fiber assets in rural France, and that three investors have acquired part of the new entity.
The French telecoms company said it has entered into a special agreement with insurer CNP Assurances, investment arm of EDF EDF Invest, and La Banque des Territoires – part of the public finance institution Caisse des Depots – for the sale of joint control. 50% equality interest in orange discounts.
The business should close by the end of this year and is valued at Orange Concessions at 2.68 billion euros ($ 3.26 billion), the company said. Orange will retain a call option, meaning it could take control and secure Orange’s lasers in the future, he said.
“With 23 public enterprise networks representing more than 4.5 million built-in or under-built plugs, Orange Concessions as France’s leading fiber-to-home network operator will be rolled out and operated on behalf of local public authorities,” Orange.
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