Banque des Territoires (Caisse des Dépôts), CNP Assurances and EDF Invest have entered into an exclusivity agreement with Orange to acquire a 50% equity interest in Orange Concessions, a company established by Orange to consolidate its fiber investments in 23 public initiative networks (PIN) in France, with a perimeter of more than 4.5 million households.
The completion of this transaction is subject to customary consultations and authorizations, and in particular approval from relevant competition authorities.