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    ORA   FR0000133308

ORANGE

(ORA)
  Report
Real-time Euronext Paris  -  11:35:31 2023-02-03 am EST
9.591 EUR   -0.59%
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02/01Deutsche Telekom, Orange, Telefonica, Vodafone Advertising JV Set for EU Approval, Reuters Reports
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Orange Ventures Invests in Cloud-Native Service Provider Weaveworks

12/08/2020 | 12:40pm EST

By Mauro Orru

Orange said Tuesday that its venture-capital fund Orange Ventures, along with other telecommunication companies and investors, has invested in cloud-native service provider Weaveworks Inc.

The French telecommunication company said Weaveworks received $36.65 million as part of a funding round from Orange Ventures, Deutsche Telekom AG, Ericsson AB, Amazon.com Inc.'s subsidiary Amazon Web Services and Sonae SGPS SA's technology investment arm Sonae IM.

The round also includes funds from historic investors such as Alphabet Inc.'s GV, Accel and Redline Capital Management.

Weaveworks will use the funds to improve its GitOps-powered Kubernetes platform and expand its reach for telecommunication companies and other enterprises.

"As global telcos ramp up to deliver high-speed 5G applications and services, and enterprises build and operate cloud-native applications, the need for a reliable, secure and standards-based operating model is more important than ever," Remi Prunier, investment principal at Orange Ventures, said.

Write to Mauro Orru at mauro.orru@wsj.com; @MauroOrru94

(END) Dow Jones Newswires

12-08-20 1239ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -2.75% 104.78 Delayed Quote.22.11%
DEUTSCHE TELEKOM AG -1.97% 20.155 Delayed Quote.8.14%
ERICSSON -0.05% 62.57 Delayed Quote.2.74%
ORANGE -0.59% 9.591 Real-time Quote.3.34%
SONAE - SGPS, SA -1.11% 0.9375 Real-time Quote.0.27%
All news about ORANGE
02/03ORANGE : Deutsche Bank reiterates its Buy rating
MD
02/02Banco Santander Not Considering Potential Acquisition of Orange Bank, Chairman Botin Sa..
MT
02/01Deutsche Telekom, Orange, Telefonica, Vodafone Advertising JV Set for EU Approval, Reut..
DJ
02/01EU Regulator to Green-light Advertising JV Between Deutsche Telekom, Orange, Telefonica..
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02/01European telecoms' advertising venture set for EU approval -sources
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02/01Exclusive-Big Telecoms advertising venture set to win EU antitrust nod - sources
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02/01EU may miss gigabit target, more investments needed, telecoms group says
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01/31EU antitrust regulators set April 11 deadline for Orange's Belgian deal
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01/31Global markets live: GM, Pfizer, Exxon, UBS, Boeing...
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01/31Telecoms company Orange names Jean-François Fallacher as new CEO of French branch
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Analyst Recommendations on ORANGE
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Financials
Sales 2022 43 333 M 47 025 M 47 025 M
Net income 2022 2 912 M 3 160 M 3 160 M
Net Debt 2022 26 680 M 28 953 M 28 953 M
P/E ratio 2022 8,82x
Yield 2022 7,46%
Capitalization 25 484 M 27 655 M 27 655 M
EV / Sales 2022 1,20x
EV / Sales 2023 1,18x
Nbr of Employees 136 566
Free-Float 79,9%
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Technical analysis trends ORANGE
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TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 9,59 €
Average target price 12,12 €
Spread / Average Target 26,3%
EPS Revisions
Managers and Directors
Christel Heydemann Chief Executive Officer & Director
Ramˇn Fernßndez EVP-Finance, Performance & Development
Jacques Aschenbroich Non-Executive Chairman
MichaŰl Trabbia Chief Technology & Innovation Officer
Jean-Michel SÚvÚrino Independent Director
Sector and Competitors
1st jan.Capi. (M$)
ORANGE3.34%27 655
VERIZON COMMUNICATIONS6.17%174 334
CHINA MOBILE LIMITED9.66%154 524
DEUTSCHE TELEKOM AG8.14%108 746
NIPPON TELEGRAPH AND TELEPHONE CORPORATION1.81%100 307
CHINA TELECOM CORPORATION LIMITED28.01%65 842