“This decision aligns with the group’s goals to simplify its structure and increase operational efficiency without impacting clients, partners, or its commercial presence in the U.S.,” Orange said in its statement.
Deregistering Debt Securities
In addition to delisting its stock, Orange also plans to deregister debt securities previously issued on the NYSE. The process requires careful analysis, particularly regarding how to terminate or suspend related reporting obligations, such as those tied to debt financing.
Orange’s Global Presence
Orange remains a dominant player in the global telecommunications sector, generating €39.7 billion ($44.4 billion) in revenue for 2023. The company employed 128,000 workers worldwide as of June 2024, with 72,000 based in France.
The NYSE has yet to respond to requests for comment on Orange’s planned withdrawal.
