Orange Eyes €5.2 Billion Cash Flow by 2028 as Costs Lower

Orange SA forecast that its cash flow would rise about 12% per year on a compound basis to roughly €5.2 billion ($6.1 billion) in 2028, as France’s biggest phone company completes expensive fiber upgrades and cuts costs.

The outlook, which marks a significant increase from the €3.65 billion in organic cash flow it reported in 2025, was revealed in a statement ahead of the company’s capital markets day near Paris on Thursday.