Orange has announced that it is appealing the seizure of 312 million euros on October 7 by the French National Financial Prosecutor's Office (Parquet national financier - PNF) in connection with a dispute over VAT rates applied to certain promotional offers between 2017 and 2019.
The corresponding sums have been deposited with the Caisse des dépôts et consignations and remain unavailable to Orange for the duration of the proceedings. This seizure does not call into question the telecoms operator's financial guidelines.
While 'firmly contesting the reassessments and the heads of offence of which it is accused', Orange affirms that it is collaborating in complete transparency with the PNF to determine the documentary scope of the investigations.
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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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Investor
Investor
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Global
Global
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ESG MSCI
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