Africa, Middle East continue to grow for Orange

Africa, Middle East continue to grow for Orange

Orange reported growth in its operation in Africa and the Middle East, posting revenues increasing by 12% year-on-year to €1.77 billion in Q2 due to the rapid development of retail services.

In a statement, the operator said all countries in the region “grew more than half achieving double-digit growth."

“The region continued to demonstrate its agility and resilience amid security tensions and currency devaluations in some countries,” Orange stated.

Mobile subscriber base grew by 5% year-on-year to 146.2 million, and average revenue per order grew 4.3%.

The growth was attributed to its retail division which grew overall 11.2% accounting for €1.57 billion of revenue. Within retail, mobile data grew by 16.7%, fixed broadband by 16.8% and its Orange Money service surged 25.5%.

Seven out of 16 countries in the region saw double-digit EBITDAaL growth in H1 but Orange did not disclose figures. Capex increased 17.1% to maintain the momentum of growth, but again figures were not disclosed.

Overall, the group saw revenues grow by 2.6% in the quarter totalling €10.9 billion, EBITDAaL was flat at a growth rate of 1% to €3.3 billion.

Orange group CEO Christel Heydemann said: “The excellent performance in Africa and the Middle East is down to our investments in the network, the satisfaction of our customers and the very strong rebound of Orange Money.”

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