tag: orange

Mobile money market to be worth $78 billion by 2019 – report

The global mobile money market will be worth $78 billion by 2019, according to research by MarketsandMarkets. The report, titled Mobile Money Market- Global Forecast to 2019, claimed the market will grow at an annual compound growth rate (CAGR) of 44.6% from last year’s total of $12.34 billion.

Orange confirms Cloudwatt acquisition

Orange confirmed this week the company has finalised an agreement to acquire all remaining shares of Cloudwatt, the cloud services provider it set up with the French government.

Orange to buy out Orascom in Egypt’s Mobinil

Orange has announced it has entered into an agreement to buy out Orascom Telecom Media and Technology (OTMT) in the Egyptian Company for Mobile Services (ECMS), which operates under the Mobinil brand.

Orange slows full year revenue decline but price war continues to bite

Orange has posted its full year results for 2014 showing slowing of revenue decline. The telco, which has implemented some fairly hefty cost-cutting measures to better margins, said it has managed to achieve all of its targets for last year. However, it predicts decline will continue in 2015 as the price war in the French market continues to bite.

Hutchison, Telefónica in merger talks over O2, Three – report

Hong Kong-based Hutchison Whampoa and Spain’s Telefónica are in talks over a possible merger of their respective UK subsidiaries Three and O2, according to a report. Following BT’s preliminary talks with owners of EE, Orange and Deutsche Telekom (DT), as well as Telefónica over O2, it was reported Hutchison was also preparing to bid for one of the two UK operators.

Sharon White’s appointment as Ofcom chief confirmed

Following reports last week, UK regulator Ofcom has confirmed the appointment of Sharon White as its new Chief Executive. Joining from the HM Treasury, where she is Second Permanent Secretary, White will officially take the reins in March next year.

Orange CEO expecting BT EE bid decision by Christmas

The Chief Executive of Orange, Stephane Richard, has dropped a hint about the ongoing discussions with BT over a possible acquisition of EE, allegedly stating that he’s expecting a decision from the British telco in the next few weeks.

EC expands scrutiny of Orange’s Jazztel bid

The European Commission (EC) has decided to expand on its assessment of the proposed acquisition bid by Orange for Jazztel. The EC announced the in-depth investigation is to determine whether the proposed acquisition is in line with EU merger regulation.

Vodafone Greece targets multiplay with Hellas Online acquisition

Vodafone Greece has moved closer to becoming a multiplay service provider by acquiring 72.7% of Hellas Online (HOL), the country’s second largest broadband and fixed-line services provider. The mobile operator acquired Hellas Online for a total cash sum of €72.7m (£57.56m).

Hutchison preparing to bid for EE or O2 – report

Following the news earlier this week about BT’s preliminary acquisition talks with EE and O2, it has been reported Hutchison Whampoa is preparing to make an offer of its own for one of the mobile operators.

EE confirms BT talks, industry opinion divided

Deutsche Telekom and Orange, the joint shareholders of EE, have confirmed initial discussions with BT over a possible sale of the UK mobile operator. In a statement the German and French giants said they are exploring the possibility as part of their regular market assessment to evaluate different strategic options.

Altice open to acquiring Bouygues Telecom – report

The CEO of Altice, Dexter Goei has indicated the French cable group could acquire Bouygues Telecom. According to a report, Goei said the firm, owned by billionare Patrick Darhi, would make a perfect candidate to buy the Telecom arm of Bouygues Group, a fellow French firm.

Ericsson, Millicom partner on Tigo Cash for West Africa

Ericsson has announced its Wallet Platform has been deployed by Millicom-owned Tigo Senegal to offer financial services to customers across West Africa. Tigo Cash mobile services allow subscribers to make payments, store, transfer and withdraw money using a mobile device, even if the user doesn’t have access to traditional banking services.

Swiss telcos form net neutrality agreement

The four leading Swiss service providers, as well as the country’s cable operator association Swisscable, have joined forces to formulate an official code of conduct on net neutrality. Swisscom, Sunrise, UPC Cablecom and Orange, as well as Swisscable, are working to keep the internet open in Switzerland, according to an official statement from Swisscom.

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