Telecoms group Orange says Spain returned to growth in Q3, confirms targets

PARIS: Orange, France’s biggest telecoms operator, said its third-quarter core operating profit edged up by 0.2% on a comparable basis from a year earlier, driven notably by its cost saving plan and an unexpected return to growth in Spain.

The former monopoly, whose revenues have recently been propelled by a strong performance in Africa and the Middle East region, confirmed it saw a path for profit to recover in Spain next year, where a race for no-frills offers in the mobile market severely hit activity.