Orange signs 1.3 billion euro deal with CaixaBank, BNP Paribas to acquire Scorefit
Orange’s Financing Agreement and Acquisition of Scorefit
Overview of the Deal
April 28 (Reuters) - French telecommunication company Orange on Tuesday said it had signed a 1.3 billion euros ($1.5 billion), five-year long financing agreement with CaixaBank and BNP Paribas for the acquisition of Scorefit.
About Scorefit and Asset Acquisition
Scorefit, a company fully owned by a BNP Paribas subsidiary, holds fibre access assets bought on France's wholesale market for Orange.
Transaction Timeline and Approvals
• The transaction is expected to close in the third quarter of 2026, subject to approval from relevant administrative authorities, including competition clearance
Strategic Impact for Orange
• Orange said the deal would simplify its financial structure, have a positive value impact, and strengthen financial flexibility
Financing and Transition Plans
• The financing is part of Orange's plan to improve efficiency and manage the financial transition from copper networks to fibre
Currency Exchange Rate
($1 = 0.8538 euros)
Reporting Credit
(Reporting by Hugo Lhomedet)
