Orange Bumps Outlook as Africa Growth Offsets French Decline
Orange SA, a major telecom provider, has slightly raised its outlook for the year due to strong growth in Africa and the Middle East offsetting declines in France. The company reported that growth in its operations in Africa and the Middle East helped compensate for a decline in its home market of France. This allowed Orange to modestly increase its guidance for the full year. The telecom giant attributed the improved performance to its continued expansion in Africa and the Middle East, where it has seen robust demand for its services. However, the company's operations in France have faced challenges, leading to a decline in that market. Despite the mixed results, Orange remains optimistic about its overall prospects and believes its diverse geographic footprint will continue to support its growth and profitability in the coming year.
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