Telecommunications - Multi-service operator (mobile, fixed-line, broadband, IT services, cybersecurity)
Strategic Profile
Orange positions trust as a key competitive advantage at the heart of its services and operating model, to reinforce its role as the trusted partner for always-available connectivity and broader digital services. The company will accelerate growth in profitable B2C services and trusted solutions for enterprises guided by ambitions in Customer intimacy, Innovative growth and Excellence at scale. In Spain, Orange signed a binding agreement to acquire full ownership of MasOrange, which will become its second-largest European market in 2026.
Cyborg Score Rationale
Orange shares finished 2025 with a total shareholder return of +56%. The company exceeded environmental targets, achieving a 49.3% GHG reduction (scopes 1-2) and 16.4% reduction (scope 3) in 2025. Group Organic Cash Flow is expected to grow double-digit and reach approximately €5.2bn by 2028.
Top Insights
Africa & Middle East confirmed its role as a growth driver, recording an eleventh consecutive quarter of double-digit growth.
Orange Cyberdefense intends to build on its momentum with a 2030 revenue objective of €2bn.
In France, the commercial performance was solid with a record quarter for fiber.
On January 6, 2026, Orange completed a bond issuance of 6 billion US dollars, more than 8 times oversubscribed, demonstrating strong investor confidence.
Named Competitors
Mobile & Fixed-Line Services — European telecommunications competitor
Mobile & Fixed-Line Services — European telecommunications competitor
Mobile & Fixed-Line Services — European telecommunications competitor
Recent Developments
(February 2026) Unveiled "Trust the Future" strategic plan with focus on trust as competitive advantage and €5.2bn organic cash flow target by 2028
(February 2026) Successfully achieved all 2025 objectives under "Lead the Future" strategic plan with 40.4 billion euro revenue
(January 2026) Completed 6 billion USD bond issuance, oversubscribed 8 times
(November 2025) Completed 5 billion euro bond issuance
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