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Orange follows its European rivals with reorganization and tower spin-off

Just a week after Telefónica announced a major reorganization, Orange has unveiled its own changes, under the banner of its latest five-year plan, dubbed Engage 2025. The French group’s latest plan is far less bold than its Spanish counterpart’s, but includes the creation of a tower operator – an almost de rigeur move for large European operators at the moment, with Vodafone, Telecom Italia, Telefónica and others in the process of divesting cell towers and other infrastructure. Orange CEO Stephane Richard told shareholders: “The story of this new strategic plan is…a story of sustainable growth.” This growth plan is built around four main activities, plus a cost-cutting program, designed to reduce costs by €1bn by 2023. This is not primarily…

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