Friday, December 9, 2022

Orange (ORAN) Launches 5G to Meet Growing Connectivity Needs


Orange S.A. ORAN has launched a 5G network in 15 municipalities in France, including Nice, Marseille, Le Mans, Angers and Clermont-Ferrand. By the end of 2020, the service provider plans to cover more than 160 municipalities with 5G.

Headquartered in Paris, Orange is one of the world’s leading telecommunications carriers with a turnover of €42 billion in 2019. Present in 26 countries, the company had a total customer base of 257 million at the end of September 2020. This includes 212 million mobile customers and 21 million fixed broadband customers.

The 5G network, which has been deployed in the 3.5GHz frequency band, is expected to bring speeds up to three to four times faster than 4G to meet the evolving needs of consumers and enterprises. The technology will allow Orange’s customers to benefit from the unparalleled quality of service and develop new use cases for the digital world.

On Oct 1, Orange secured the largest share of the frequency blocks involved in the auction, with 90 MHz of spectrum. This deployment focuses mainly on 3.5GHz frequencies and may be supplemented by the use of 2.1GHz frequencies. Parallelly, Orange continues to deploy 4G and aims to switch all its sites to 4G by 2020.

5G is the first mobile standard that integrates the optimization of energy consumption into its design. It is becoming an asset for energy transition by promoting the advent of IoT. Orange has launched four 5G packages. The company is well positioned to deliver the true potential of 5G to enhance customer experience.

It is to be seen how the company carries this momentum and if the new service launch can actually help it generate profitable revenues in the days to come.

Orange’s shares have gained 9.6% in the past three months against 4.1% decline of the industry.

The stock currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader industry are Plantronics (NYSE:) PLT, United States Cellular (NYSE:) USM and NIC (NASDAQ:) EGOV, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Plantronics delivered a trailing four-quarter earnings surprise of 568.2%, on average.

U.S. Cellular delivered a trailing four-quarter earnings surprise of 231.1%, on average.

NIC delivered a trailing four-quarter earnings surprise of 27.5%, on average. The company’s earnings beat the Zacks Consensus Estimate in two of the last four quarters.

Looking for Stocks with Skyrocketing Upside?

Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.

Ignited by referendums and legislation, this industry is expected to blast from an already robust $17.7 billion in 2019 to a staggering $73.6 billion by 2027. Early investors stand to make a killing, but you have to be ready to act and know just where to look.

See the pot stocks we’re targeting >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

United States Cellular Corporation (USM): Free Stock Analysis Report

NIC Inc. (EGOV): Free Stock Analysis Report

Plantronics, Inc. (PLT): Free Stock Analysis Report

Orange (ORAN): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

Source link


Please enter your comment!
Please enter your name here



Related Stories