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Corporate Score 52 Bullish

Orange Secures €1.3 Billion Financing for Scorefit Acquisition

Apr 29, 2026 05:50 UTC
ORANY, ORA.PA, ORAN, CABK.MC, BNP.PA, BNPQY
Medium term

Orange S.A. has entered into a five-year financing agreement with CaixaBank and BNP Paribas to acquire Scorefit. The transaction is designed to accelerate the company's transition to fiber infrastructure in France.

  • €1.3 billion financing deal signed with CaixaBank and BNP Paribas
  • Acquisition of Scorefit to secure wholesale fiber access in France
  • Five-year agreement structure to support share acquisition
  • Strategic alignment with copper-to-fiber transition plan
  • Positive market response for all three involved financial and telecom entities

Orange S.A. announced on Tuesday the signing of a €1.3 billion financing deal to facilitate the acquisition of Scorefit. The financing, provided by CaixaBank and BNP Paribas, is structured as a five-year agreement and will support the exercise of the company's option to acquire shares in the entity. Scorefit is currently owned by a subsidiary of BNP Paribas and holds essential fiber access purchased on the wholesale market in France. By bringing these assets in-house, Orange aims to simplify its financial structure and create a positive value effect for the group. This acquisition is a key component of Orange's broader efficiency plan and the financial trajectory of its copper-to-fiber transition, a strategy previously outlined during the company's Capital Markets Day. Management expects the operation to strengthen the company's overall financial flexibility. Market reaction to the news was positive. Orange shares closed 0.75% higher at €17.52 on the Paris Stock Exchange. Similarly, BNP Paribas and CaixaBank saw gains of 1.51% and 2.41%, respectively, closing at €91.52 and €10.61.

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