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Orange Quarterly Sales Fall After Revenue Dropped in Europe

  • The French carrier prepares to launch new strategy in 2023
  • Orange and Masmovil signed an agreement to merge in Spain
Updated on

Orange SA reported revenues that declined the second quarter, showing ongoing competition in the telecom space in Europe that the company hopes to ease with a merger with Masmovil Ibercom SA in Spain.

The French carrier posted revenue of 10.71 billion euros ($10.9 billion) in the quarter, compared to a Bloomberg estimate of 10.74 billion euros, the company said in a statement on Thursday.