BusinessTelecom

Orange Seeks Buyer for Globecast Broadcast Unit in Strategic Divestment Move

Orange has reportedly initiated the sale process for its broadcast services unit Globecast, engaging investment bankers to facilitate the divestment. The move comes as the French telecommunications giant reevaluates non-core assets following the unit’s €19 million net loss despite generating substantial revenue.

French telecommunications leader Orange S.A. has reportedly advanced plans to divest its broadcast services subsidiary Globecast, according to recent industry reports. The potential sale represents a significant strategic shift for the Paris-based telecom giant as it focuses on core operations and streamlines its business portfolio.

Sale Process and Strategic Rationale

Earth SciencesEconomics

Nobel Economics Prize Honors Research on Technology, Innovation and Economic Growth

Three distinguished economists have been awarded the 2025 Nobel Prize in Economics for their transformative work on how scientific innovation and market competition drive economic growth. Their research provides crucial insights into the mechanisms of technological progress and creative destruction that shape modern economies. The 2025 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel has been awarded to three pioneering researchers whose work fundamentally explains how technological innovation and scientific advancement drive sustained economic growth. The award recognizes decades of research that has transformed our understanding of the relationship between knowledge creation, market competition, and economic development.

Meet the 2025 Nobel Laureates in Economics