Orange Revenue Rises After Resisting Price War in France
- Orange has refused to cut prices to match cheaper rivals
- Most of company’s growth comes from Africa and Middle East
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Orange SA, France’s biggest phone company, reported rising revenue after the carrier refused to cut prices to match cheaper rivals in its home market.
Sales for the entire business rose 0.9% on a comparable basis to €9.99 billion ($10.8 billion) in the second quarter from a year earlier, the company said in a statement on Wednesday. That compared to the €10 billion analysts had forecast, according to the average of a Bloomberg survey. French revenue gained 0.3%.