Telecoms group Orange buying Basefarm for 350 mln euros enterprise value [Reuters]
Orange (ORAN)
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orange.com/en/investors/results-and-presentation
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Source: Reuters
Telecoms group Orange buying Basefarm for 350 mln euros enterprise value | Reuters Reuters Staff 1 Min Read PARIS, July 16 (Reuters) - Orange, France’s biggest telecoms group, is buying Basefarm Holding in a deal worth 350 million euros ($409 million) based on enterprise value, to boost its presence in cloud computing services. Orange said Basefarm Holding was a leading European player in cloud-based infrastructure and services, with revenues of over 100 million euros in 2017. “We are very proud to announce the acquisition of Basefarm, which will mark a major milestone in our international development. In particular, the company’s integration will enable us to significantly extend our Big Data and critical application management services on a rapidly consolidating market,” said Helmut Reisinger, Chief Executive Officer of Orange Business Services. $1 = 0.8550 eurosReporting by Sudip Kar-Gupta;Editing by Dominique Vidalon All quotes delayed a minimum of 15 minutes. See here for a com
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