Starlink · Data Center · Datacenter Dynamics
Orange lines up €1.3bn acquisition of Scorefit
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Orange has reached a €1.3 billion ($1.52bn) financing agreement with CaixaBank and BNP Paribas, for its planned acquisition of fiber provider Scorefit.
Key facts
- Orange has reached a €1.3 billion ($1.52bn) financing agreement with CaixaBank and BNP Paribas, for its planned acquisition of fiber provider Scorefit
- Across Europe, Orange has deployed fiber to close to 60 million premises
- Orange plans to phase out these legacy copper telephone networks in France by 2030
- The French telco announced the financing agreement on Tuesday, noting that it runs for five years
Summary
The French telco announced the financing agreement on Tuesday, noting that it runs for five years. Scorefit is owned by a BNP Paribas subsidiary and owns fiber access purchased on the wholesale market in France for Orange. Orange noted that the agreement forms part of the company's copper-to-fiber transition, which the carrier highlighted at its Capital Markets Day. As with most telcos, Orange is looking to expand its fiber rollout and move its customers away from legacy copper networks.