Orange Is Said to Seek €500 Million for French Data Center Stake

Orange, a major telecommunications company, is reportedly seeking to raise between €400 million and €500 million by selling a stake in some of its data centers in France. The move is part of the company's strategy to unlock the value of its infrastructure assets and focus on its core business. The sale is expected to attract interest from various investors, including infrastructure funds and private equity firms, who are looking to capitalize on the growing demand for data center services. The transaction is still in the early stages, and the details, including the exact stake size and the timeline, have not been finalized.
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