Orange Secures €1.3 Billion Financing to Acquire Scorefit
Orange has secured a financing deal worth €1.3 billion from CaixaBank and BNP Paribas to fund the purchase of Scorefit shares. This move is part of the group's strategy to transition from copper to fiber.
Structured Financing Under Attractive Conditions
Orange has reached a financing agreement of €1.3 billion with CaixaBank and BNP Paribas to acquire all shares of Scorefit, which are currently 100% owned by a subsidiary of BNP Paribas. The financing, with a term of 5 years, has been structured under financial conditions described as highly attractive by the group. Scorefit owns fiber access purchased on the wholesale market in France for Orange. The acquisition will allow the group to simplify its financial structure with a positive value effect, according to the press release.
Timeline and Required Approvals
Orange has announced its intention to exercise the buyout option on March 24, 2026. The completion of the transaction is expected in the third quarter of 2026 and remains subject to the prior approval of the relevant administrative authorities, particularly competition authorities.
Alignment with the Group's Strategic Plan
This acquisition is part of the efficiency plan and financial trajectory presented during the Capital Markets Day, contributing to enhancing Orange's financial flexibility. The transaction supports the group's technological transition towards the deployment of fiber optics.
