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Orange (ORAN) Buys Stake in VOO SA to Boost Network Expansion
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Orange S.A.’s (ORAN - Free Report) subsidiary, Orange Belgium, acquired a controlling stake in VOO SA, aligning with its national convergent strategy. With this deal, Orange Belgium now holds a 75% stake minus one share in VOO SA, while the remaining 25% plus one share is retained by Nethys.
The acquisition was previously announced in December 2021. The acquisition enables Orange Belgium to strengthen its position in Wallonia and Brussels by deploying a high-speed network infrastructure.
The buyout is expected to have long-term benefits for VOO's network, enhancing its quality and spurring investment and competition in the telecommunications sector. This will enable customers in Wallonia and the Brussels region to access superior network services. The transaction values VOO at an enterprise value of €1.8 billion for the entire capital.
This acquisition strengthens the longstanding relationship between VOO and Orange Belgium and paves the way for Orange Belgium to enhance its investment plan. Orange aims to bolster BeTV, a cable television platform based in Belgium, and improve VOO's call center. In addition, Orange Belgium plans to modernize the cable infrastructure and expand fiber optic rollouts with multi-gigabit connectivity.
By combining the expertise of Orange Belgium and VOO, this acquisition will revitalize the network infrastructure in Belgium and solidify Orange Belgium's position as a leader in convergence in Europe.
In October 2021, Orange Belgium completed the acquisition of a majority stake in Telekom Romania Communications for a total purchase price of €268 million on a debt-free and cash-free basis. The transaction for a 54% controlling stake in one of Romania’s leading fixed telecom operators is aimed at realizing Orange’s convergence goals in Europe, as it intends to scale up operations in the continent to better serve customers.
At present, ORAN carries a Zacks Rank #2 (Buy). The stock has lost 3.9% in the past year compared with the sub-industry’s decline of 10.7%.
The Zacks Consensus Estimate for Dropbox’s 2023 earnings has increased 10.1% in the past 60 days to $1.85 per share. The long-term earnings growth rate is anticipated to be 12.3%.
Dropbox’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 10.4%. Shares of DBX have gained 7.5% in the past year.
The Zacks Consensus Estimate for Badger Meter’s 2023 earnings has increased 4.7% in the past 60 days to $2.69 per share.
Badger Meter’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 5.3%. Shares of BMI have surged 75% in the past year.
The Zacks Consensus Estimate for Blackbaud’s 2023 earnings has increased 9.3% in the past 60 days to $3.75 per share.
Blackbaud’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average surprise being 10.4%. Shares of the company have jumped 13.4% in the past year.
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Orange (ORAN) Buys Stake in VOO SA to Boost Network Expansion
Orange S.A.’s (ORAN - Free Report) subsidiary, Orange Belgium, acquired a controlling stake in VOO SA, aligning with its national convergent strategy. With this deal, Orange Belgium now holds a 75% stake minus one share in VOO SA, while the remaining 25% plus one share is retained by Nethys.
The acquisition was previously announced in December 2021. The acquisition enables Orange Belgium to strengthen its position in Wallonia and Brussels by deploying a high-speed network infrastructure.
The buyout is expected to have long-term benefits for VOO's network, enhancing its quality and spurring investment and competition in the telecommunications sector. This will enable customers in Wallonia and the Brussels region to access superior network services. The transaction values VOO at an enterprise value of €1.8 billion for the entire capital.
Orange Price and Consensus
Orange price-consensus-chart | Orange Quote
This acquisition strengthens the longstanding relationship between VOO and Orange Belgium and paves the way for Orange Belgium to enhance its investment plan. Orange aims to bolster BeTV, a cable television platform based in Belgium, and improve VOO's call center. In addition, Orange Belgium plans to modernize the cable infrastructure and expand fiber optic rollouts with multi-gigabit connectivity.
By combining the expertise of Orange Belgium and VOO, this acquisition will revitalize the network infrastructure in Belgium and solidify Orange Belgium's position as a leader in convergence in Europe.
In October 2021, Orange Belgium completed the acquisition of a majority stake in Telekom Romania Communications for a total purchase price of €268 million on a debt-free and cash-free basis. The transaction for a 54% controlling stake in one of Romania’s leading fixed telecom operators is aimed at realizing Orange’s convergence goals in Europe, as it intends to scale up operations in the continent to better serve customers.
At present, ORAN carries a Zacks Rank #2 (Buy). The stock has lost 3.9% in the past year compared with the sub-industry’s decline of 10.7%.
Image Source: Zacks Investment Research
Other Stocks to Consider
Some other top-ranked stocks in the broader technology space are Dropbox (DBX - Free Report) , Badger Meter (BMI - Free Report) and Blackbaud (BLKB - Free Report) . Dropbox and Badger Meter presently sport a Zacks Rank #1 (Strong Buy), whereas Blackbaud currently holds a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Dropbox’s 2023 earnings has increased 10.1% in the past 60 days to $1.85 per share. The long-term earnings growth rate is anticipated to be 12.3%.
Dropbox’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average being 10.4%. Shares of DBX have gained 7.5% in the past year.
The Zacks Consensus Estimate for Badger Meter’s 2023 earnings has increased 4.7% in the past 60 days to $2.69 per share.
Badger Meter’s earnings beat the Zacks Consensus Estimate in all the last four quarters, the average being 5.3%. Shares of BMI have surged 75% in the past year.
The Zacks Consensus Estimate for Blackbaud’s 2023 earnings has increased 9.3% in the past 60 days to $3.75 per share.
Blackbaud’s earnings beat the Zacks Consensus Estimate in the last four quarters, the average surprise being 10.4%. Shares of the company have jumped 13.4% in the past year.