Orange Reaches 300 Million Subscriptions as MEA drives growth

Orange reached a historic milestone in the Q3 2025, surpassing 300 million subscriptions worldwide. This achievement follows a net addition of 8.2 million new contracts during the quarter. Growth continues to be driven by the Middle East and Africa region, which has added 20 million subscriptions since the first quarter of 2024, compared with 5 million for Europe and other markets. The MEA region also remains a strong financial driver. It has now recorded ten consecutive quarters of double-digit revenue growth, posting +11.1% in 2024 and +12.2% in the third quarter of 2025. This performance is supported by the rapid expansion of mobile data services and the continued success of Orange Money, which now counts 44 million daily active users. From a financial standpoint, Orange’s operational improvement trend is confirmed by the latest results. The internal transformation plan launched in 2023 continues to yield positive outcomes, reflected in a 3.7 percent increase in Group EBITDAaL and a 0.7 percentage point improvement in the EBITDAaL margin. The group’s financial structure has also strengthened following the 2024 deconsolidation of its Spanish operations through the creation of MásOrange, leading to a significant reduction in net debt by €4.5 billion and a lower leverage ratio, moving from 2.05 in 2023 to 1.84 in 2024. In its domestic market, Orange has been at the center of industry attention following a joint bid with Bouygues Telecom and Iliad to acquire a major portion of Altice’s French activities. The proposed transaction, which would have led to Orange acquiring approximately a quarter of Altice’s assets across mobile, fixed, and network infrastructure, was rejected for the time being as Altice considered the valuation insufficient. As of today, Orange remains the clear mobile market leader in France with 31% of marketshare, while SFR continues to face difficulties that have persisted for more than three years.