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.