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.
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.
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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.
Ces excellentes performances nous permettent aujourd'hui de relever nos objectifs annuels
Risks mentioned
Orange Business en repli de -3,1 %, toujours pénalisé par un environnement de marché difficile
EBITDAaL d'Orange Business en baisse de -6,4 % sur le semestre
Endettement net porté à 35,7 milliards d'euros, ratio dette/EBITDAaL à 2,4x après MasOrange
Opportunities identified
Contrôle exclusif à 100 % de MasOrange renforçant la position en Espagne
Projet d'acquisition conjointe de SFR pour environ 5,6 milliards d'euros de part Orange
Croissance à deux chiffres en Afrique et Moyen-Orient (+13,9 % de chiffre d'affaires)
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.