Orange: BlackRock Falls Below 5% Voting Rights Threshold
BlackRock, acting on behalf of clients and funds under its management, has informed the AMF that on December 18 it fell below the 5% threshold of voting rights in Orange, following the sale of shares on the market.
The American asset management giant specified that it holds, on behalf of the aforementioned clients and funds, 151,428,398 Orange shares representing an equal number of voting rights, amounting to 5.69% of the telecom operator's capital and 4.76% of its voting rights.
Orange is the French leader of telecommunications company. Net sales (including intragroup) break down by activity as follows:
- telecommunication services for individuals (76.9%): mobile telephone services (253 million clients at the end of 2024; Orange brand name in France, the United Kingdom and Caribbean, FTP Espana in Spain and PTK Centertel in Poland), fixed telephone services and Internet access (38.3 million clients). The group also offers services for telecommunication operators. Net sales break down by country between France (54.6%), Europe (21.8%), Africa and Middle East (23.6%);
- telecommunication services to businesses (18.4%): Internet access services, mobile telephone, voice and data transmission services and integration and information management for communication applications;
- telecommunication services to international telecommunication operators (3%);
- other (1.7%).
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