BlackRock, acting on behalf of clients and funds under its management, has notified the AMF that it crossed above the 5% threshold of Orange's voting rights on February 10, following the acquisition of shares both on and off the market.
The American asset management giant specified that it holds, on behalf of said clients and funds, 166,274,768 Orange shares representing an equal number of voting rights, corresponding to 6.25% of the capital and 5.23% of the voting rights of the telecommunications operator.
Orange is the French leader of telecommunications company. Net sales (including intragroup) break down by activity as follows:
- telecommunication services for individuals (78.2%): mobile telephone services (272.8 million clients at the end of 2025; Orange brand in France, Orange Belgium in Belgium, Orange Communications Luxembourg in Luxembourg, MásOrange in Spain, Orange Polska in Poland, etc.), fixed telephone services and Internet access (38.1 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 (117.2%): Internet access services, mobile telephone, voice and data transmission services and integration and information management for communication applications;
- telecommunication services to international telecommunication operators (2.9%);
- operation of passive mobile infrastructure (1.7%; Totem): management of a portfolio of approximately 27,000 telecommunications towers in France and Spain.
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