Communiqué Orange : Orange signs a joint agreement to acquire SFR, a decisive step that will reinforce its leadership in France

Orange, alongside Bouygues Telecom and Free-iliad Group, has signed a Memorandum of Understanding to acquire SFR from Altice France for approximately 20.35 billion euros. Orange's share amounts to 5.6 billion euros (27%). The acquisition will add 4 million mobile customers and 1 million fixed broadband customers to Orange, with expected cost synergies exceeding 0.5 billion euros annually within five years. The transaction is subject to regulatory approval and is expected to close in the second half of 2027.