Orange faces persistent French mobile pricing pressure; Spain JV with MasMovil adds some scale benefits. Africa and Middle East segment provides growth but currency headwinds. Limited geopolitical tailwinds beyond rational pricing returning to European telecom.
Thesis reviewed May 29, 2026
Orange S.A. is headquartered in France, which is currently showing moderate signals.
🇫🇷France57NEUTRALView France risk detail →📡Telecom30NEUTRAL| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| VOD | Vodafone Group PLC | 34 | +9% | ↑1% | NEUTRAL |
| ERIC | Telefonaktiebolaget LM Ericsson | 34 | +5% | ↑1% | EARLY |
| T | AT&T Inc. | 34 | +2% | ↑1% | NEUTRAL |
| ORAN | Orange S.A. | 34 | +1% | ↑1% | NEUTRAL |
| CHA | China Telecom Corporation Ltd | 34 | +8% | ↑1% | NEUTRAL |
| TEF | Telefónica, S.A. | 34 | 0% | ↑1% | NEUTRAL |
| NOK | Nokia Oyj | 34 | +1% | ↑1% | NEUTRAL |
Investors who hold ORAN may also have indirect exposure through these country funds.
Orange Q1 2026 EBITDA stable; French mobile ARPU down 1%