Orange Q2 profit rises helped by Africa and Middle East
Corrects currency conversion
July 24 (Reuters) -French telecom operator Orange ORAN.PA on Wednesday reported a rise in second-quarter core profit mainly on a strong performance in Africa and the Middle East.
Core profit after leases, rose 2.6% year-on-year to 3.11 billion euros ($3.37 billion).
That was helped by Africa and the Middle East where revenues grew 10.3%. In Europe, they declined 2.2%, but the group still made a profit there.
"In France, our position as market leader, particularly in the high-end segment, and the excellent quality of our network and service enable us to maintain a disciplined pricing policy," said CEO Christel Heydemann in a statement.
Orange has been losing some broadband customers in France as people use less telecom services post-pandemic, and cut spending because of the rising cost of living.
The group on Wednesday confirmed its full-year guidance.
It also announced a non-binding agreement with Vodafone Spain to create a shared fibre-to-the-home (FTTH) network that would cover about 4 million customers.
($1 = 0.9222 euros)
Reporting by Olivier Sorgho and Leo Marchandon; Editing by Christian Schmollinger and Louise Heavens
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