Orange Sp/Adr (ORANY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen, and welcome to Orange's Q3 2025 results conference. For your information, this conference is being recorded. During the Q&A session, in order to ask for the floor, please raise your hand in teams. Please ensure that the mute function on your device is switched off to allow us to hear you when it is time for us to take your question. The call today will be hosted by Crystal Edmund, CEO, and Laurent Martinez, CFO, with other members of Orange's Executive Committee for the Q&A session that will start after the presentation. Thank you, and let me hand over the floor to Crystal Edmund. Good morning and thank you for joining our Q3 results presentation. Before getting into our Q3 results, I would like to mention that last week we submitted together with Bouygues Telecom and Free Groupe Iliade a joint non-binding offer to acquire a large part of Altice activities in France. In a challenging competitive environment, this deal would allow us to strengthen investments in France while maintaining a competitive ecosystem for the benefit of consumers. This non-binding offer amounts to 17 billion euros, of which 27% for orange. There is no certainty that we will reach an agreement, and we are willing to engage in a constructive dialogue with the Altice Group. Back to our Q3 results. We remain fully focused on our business execution, and we are really pleased to report strong results driven by a robust commercial performance in France, Europe, and the Middle East and Africa region. In France in particular, we are proud to reaffirm our leadership in fiber with over 10 million customers and plus 1.1 million new customers in the last 12 months. We have become the first operator in Europe to surpass this milestone in the domestic market, marking a ma...