Orange Spain will invest nearly 4 billion euros in 2021, despite the bruising market

MADRID (Reuters). Orange’s Spanish unit will spend nearly 4 billion euros in 2021 ($4.75 billion), CEO Jean Francois Fallacher announced on Thursday. This is despite bruising market conditions and a 3.7-billion-euro writedown during the second quarter.

Fallacher said that the Spanish market was highly competitive, but Orange is second among the main operators. “Last year, we invested more than 1 billion euros. This year, our investment will be closed at 4 billion.”

($1 = 0.8422 euros)

By Chleo Martin

Chleo martin works as an Author who monitors all the articles being published on the site for content accuracy and language consistency. She also writes intellectual news pieces for the technology section.

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