Orange Spain acquires Simyo
Orange Spain announced today the acquisition of 100% of Simyo, the mobile virtual network operator (MVNO) owned by KPN in Spain, which has around 380,000 customers.
This purchase reinforces Orange’s commitment in Spain and strengthens its position in the Spanish mobile market.
Simyo will continue to operate as an MVNO under its own brand and will remain hosted on Orange Spain’s network. This operation will have no impact on Simyo’s customers, who will keep their current tariffs and service conditions.
Following this acquisition, Orange’s total mobile customer base in Spain amounts to 12.2 million subscribers (data based on figures published at end September 2012).
France Telecom-Orange is one of the world’s leading telecommunications operators with sales of 45.3 billion euros for 2011 and has 170,000 employees worldwide at 30 September 2012, including 105,000 employees in France. Present in 33 countries, the Group has a total customer base of 227 million customers at 30 September 2012, including 169 million mobile customers and 15 million broadband internet (ADSL, fibre) customers worldwide. Orange is one of the main European operators for mobile and broadband internet services and, under the brand Orange Business Services, is one of the world leaders in providing telecommunication services to multinational companies.
With its industrial project, “conquests 2015”, Orange is simultaneously addressing its employees, customers and shareholders, as well as the society in which the company operates, through a concrete set of action plans. These commitments are expressed through a new vision of human resources for employees; through the deployment of a network infrastructure upon which the Group will build its future growth; through the Group’s ambition to offer a superior customer experience thanks in particular to improved quality of service; and through the acceleration of international development.
France Telecom (NYSE:FTE) is listed on NYSE Euronext Paris (compartment A) and on the New York Stock Exchange.
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