PARIS (dpa-AFX) - French telecommunications operator Orange SA (ORAN) reported that its adjusted EBITDA for the first-quarter of 2017 was 2.598 billion euros an increase of 2.0% on a comparable basis.
The Orange Group had revenues of 10.070 billion euros in the 1st quarter of 2017, an increase of 0.8% on a comparable basis.
In France, fixed broadband services rose 5.5% in the quarter, led by fibre and TV content.
In France, including mobile customers from the Enterprise segment, mobile contracts had 87,000 net sales in the 1st quarter of 2017, led by the strong growth of Open (185,000 net sales) and Sosh (65,000 net sales) offers.
For the full year 2017, Orange confirmed an adjusted EBITDA greater than that achieved in 2016 on a comparable basis, buoyed by the strong commercial momentum which is supported by investment, and continuing efforts for transformation of the cost structure.
The Group also confirmed the objective of a ratio of net debt to adjusted EBITDA from telecom activities of around 2x in the medium term to preserve Orange's financial strength and investment capacity. Within this framework, the Group is maintaining a policy of selective, value-creating acquisitions by concentrating on markets in which it is already present.
The Group further confirmed the payment of a dividend of 0.60 euros per share for 2016.
Copyright RTT News/dpa-AFX