Orange cuts a new card in its development strategy.
On the occasion of the publication of its annual results, the historical operator announced the creation of a new entity: Totem.
This tower company brings together 25,500 Orange high points, including 17,000 in France and 8,500 in Spain.
These are both pylons and roof terraces, these precious locations on which telecom operators install the antennas that feed their mobile network.
These sites are sometimes rented out at a high price.
Bouygues Telecom, SFR and Free have already carried out similar operations, creating tower companies which they have, in part, sold to third parties.
Their main objective was to free up cash to deleverage or finance investments.
Orange is on the contrary seeking to keep control of Totem, in order to play a new role in the network infrastructure market in Europe.
The observation made by the group is simple.
Telecom operators are jostled in the markets
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