Orange to deploy the funds received following the recent tax dispute resolution to accelerate its development and commitments, while also proposing to benefit its employees and shareholders

Press release Paris, 2 December 2020Orange to deploy the funds received following the recent tax dispute resolution to accelerate its development and commitments, while also proposing to benefit its employees and shareholdersFollowing the French Council of State's ( Conseil d'état ) favourable decision on 13 November concerning a long-standing tax dispute, the Orange group confirms that it has received all of the 2.2 billion euros corresponding to sums paid in 2013, as well as the related...

ROUEN CEDEX, 02/12/2020 (informazione.it - comunicati stampa - telecomunicazioni)

Press release
Paris, 2 December 2020

Orange to deploy the funds received following the recent tax dispute resolution to accelerate its development and commitments, while also proposing to benefit its employees and shareholders

Following the French Council of State's ( Conseil d'état ) favourable decision on 13 November concerning a long-standing tax dispute, the Orange group confirms that it has received all of the 2.2 billion euros corresponding to sums paid in 2013, as well as the related rights and interest. As announced on 13 November, the Group's priority is to allocate these funds in a fair and balanced manner between the company's development, its employees and its shareholders, with an enhanced social commitment.

In this respect, the Orange Board of Directors, which met on 2 December, took note of this decision and looked favourably on the proposed project, in particular the following aspects:

About Orange

Orange is one of the world's leading telecommunications carriers with a turnover of €42 billion in 2019 and 143,000 employees as at 30 September 2020, of which 83,000 are in France. The Group has a total customer base of 256 million customers worldwide at 30 September 2020, including 212 million mobile customers and 21 million fixed broadband customers. The Group is present in 26 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services. In December 2019, the Group presented its new "Engage 2025" strategic plan, which, guided by social and environmental accountability, aims to reinvent its operator model. While accelerating in growth areas and placing data and AI at the heart of its innovation model, the Group will be an attractive and responsible employer, adapted to emerging professions.

 

Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).

To find out more (online and via your mobile device), go to: www.orange.com , www.orange-business.com or to follow us on Twitter: @orangegrouppr.

Orange and any other Orange product or service names included in this material are trademarks of Orange or Orange Brand Services Limited.

 

Press contacts:

Tom Wright: tom.wright@orange.com ; 06 78 91 35 11

Olivier Emberger: olivier.emberger@orange.com ; 01 44 44 93 93

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