Sunday, 24 September 2017

Orange buys a bank

By Mary Lennighan, Total Telecom
Friday 22 April 16

French telco aims to launch Orange Bank at start of 2017, having acquired a majority stake in Groupama Banque.

Orange on Friday announced that it will acquire a 65% stake in France-based Groupama Banque and will transform the business into Orange Bank. The telco revealed in January that it had entered discussions with insurance firm Groupama regarding its banking business. It intends to use the acquired assets as the foundation of a mobile…

Orange on Friday announced that it will acquire a 65% stake in France-based Groupama Banque and will transform the business into Orange Bank. The telco revealed in January that it had entered discussions with insurance firm Groupama regarding its banking business. It intends to use the acquired assets as the foundation of a mobile…

Please login or register to view this content

Please enable JavaScript to view the comments powered by Disqus.

RECENTLY READ

Newsletter signup

Quickly get on board and up to date with the telecoms industry