France-based multinational telco Orange has reported revenue growth accelerated in the 2nd quarter of 2017, rising 1.4 per cent (+€138 million) after rising 0.8 per cent in the 1st quarter (+€85 million) , on a comparable basis. Revenues were €20.276 billion in the first half of 2017, an increase of 1.1 per cent (+€222 million) following an increase of 0.9 per cent in the 2nd half of 2016 (+€188 million).
The improved trend in the 2nd quarter was principally tied to the recovery in the Africa & Middle East segment, a continued strong performance in Spain and the return to growth in France for the first time since 2009.
Commercial momentum remained very strong in the 2nd quarter of 2017, with the continued development in convergence and very high-speed broadband in Europe, and with the recovery in mobile in the Africa & Middle East segment . Growth in consumer convergent offers remained strong in France and the Europe segment, with 9.8 million customers at June 30th 2017 (+11.5 per cent year on year).
Growth was sustained in the Group’s fixed broadband services, led by fibre which had 308,000 net additions in the 2nd quarter of 2017. The Group’s fixed broadband base had 19.1 million customers at June 30th 2017 (+5.4 per cent year on year on a comparable basis).