|Bid||20.44 x 30000|
|Ask||20.52 x 30000|
|Day's range||20.70 - 20.70|
|52-week range||12.99 - 32.32|
|Beta (5Y monthly)||0.68|
|PE ratio (TTM)||2.04|
|Forward dividend & yield||1.00 (4.88%)|
|Ex-dividend date||03 May 2023|
|1y target est||N/A|
Orange is set to secure EU antitrust approval for its bid for a majority stake in Belgian peer VOO SA after the French telecoms provider signed a deal with Liberty Global's Telenet to address the regulator's concerns, people familiar with the matter said. Acquiring VOO would give Orange control of the Belgian company's cable network in the Wallonia region in the south of Belgium and part of the Brussels area. Orange may get the EU green light by the end of February, the people said.
EU antitrust regulators will decide by April 11 whether to clear Orange's bid for a majority stake in Belgian peer VOO SA after the French telecoms provider signed a deal with Liberty Global's Telenet to address EU competition concerns. The European Commission temporarily halted its investigation into the deal in October while waiting for Orange to reach an agreement allowing Telenet to expand into Wallonia in the south of Belgium that would make it a national operator and rival. Orange and Telenet reached an agreement on Monday.
Telenet has been reporting EBITDAal as one of its key metrics since the second quarter of this year to reflect tower-related lease payments following the sale of its mobile tower business to Digital Bridge. Its revenue came in at 660.5 million euros, above analyst expectations of 652.6 million euros. European inflation has surged in the past year, driven by record gas prices as Russia curbed supplies following its invasion of Ukraine and Western sanctions against Moscow.