Orange CFO Denies Reports Of Its Telecom Network Sale

• Orange (NYSE:ORAN) does not plan to sell its physical telecoms network, Reuters reports.
• CFO Ramon Fernandez denied news of Orange exploring the sale of its 734,000 kilometers of underground lines and its 15 million telephone poles worth €8 billion to an infrastructure fund.
• Orange recently collaborated with AST SpaceMobile to examine the opportunity for Orange to test the SpaceMobile service in one African country.
• Price Action: ORAN shares traded lower by 0.58% at $11.96 in the premarket on the last check Tuesday.