Orange :Strong Commercial Performance in the 2Nd Quarter, Driven by Investment in Very High-Speed Broadband
Source: Orange July 26, 2016 01:30 ET Orange :Strong commercial performance in the 2nd quarter, driven by investment in very high-speed broadband. Objective for restated EBITDA growth in 2016 confirmed Press release Paris, July 26, 2016 First-half 2016 financial information Strong commercial performance in the 2nd quarter, driven by investment in very high-speed broadband. Objective for restated EBITDA growth in 2016 confirmed The Group's commercial momentum in the 2nd quarter of 2016 confirms the success of very high-speed broadband, both fixed and mobile, in Europe: at 30 June 2016, there were 22.7 million 4G customers in Europe (x 1.9 year on year on a comparable basis) and 2.5 million fibre customers (x 2.1 in one year). In France, there were 9.4 million 4G customers at 30 June 2016 (x 1.7 year on year) and net additions of mobile contracts1 (+153,000) were almost four times higher than in the 1st quarter. Fixed broadband was also very dynamic, with 93,000 net additions in the 2nd quarter, led by fibre (+106,000), with 1.181 million customers at 30 June 2016. In Spain, fibre was up sharply with 197,000 net additions in the 2nd quarter and 1.217 million customers at 30 June 2016. 4G also grew rapidly with 6.4 million customers at 30 June 2016 (x 1.8 year on year on a comparable basis). In Poland, mobile contract net additions remained at a very high level (+222,000) for the third consecutive quarter, while mobile contract[1] net additions in Belgium of 18,000 in the 2nd quarter confirmed the return to growth of the previous quarters.
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