Orange signs 1.3 billion euro deal with CaixaBank, BNP Paribas to acquire Scorefit
28/04/2026 17:36
Updates throughout to bullet points April 28 (Reuters) - French telecommunication company Orange ORAN.PA on Tuesday said it had signed a 1.3 billion euros ($1.5 billion), five-year long financing agreement with CaixaBank CABK.MC and BNP Paribas BNPP.PA for the acquisition of Scorefit. Scorefit, a company fully owned by a BNP Paribas subsidiary, holds fibre access assets bought on France's wholesale market for Orange. The transaction is expected to close in the third quarter of 2026, subject to approval from relevant administrative authorities, including competition clearance Orange said the deal would simplify its financial structure, have a positive value impact, and strengthen financial flexibility The financing is part of Orange's plan to improve efficiency and manage the financial transition from copper networks to fibre ($1 = 0.8538 euros) (Reporting by Hugo Lhomedet) ((hugo.lhomedet@thomsonreuters.com))