Orange, the Paris-listed global telecommunications operator, has announced the purchase of 2,420,354 treasury shares between 28 October and 2 November 2026, at a total cost of €34,824,367.02. The acquisitions were carried out under the share buyback programme authorised at the Shareholders' General Meeting on 19 May 2026. The shares are intended to honour obligations under long-term incentive plans for corporate officers and senior employees, linking key Group managers to the performance of Orange's strategic plan.

Key Points

  • Orange (Euronext Paris: ORA; LEI: 969500MCOONR8990S771), one of the world's leading telecommunications operators
  • Orange purchased 2,420,354 treasury shares over four trading days, spending a total of €34,824,367.02
  • Daily weighted average purchase prices ranged from €14.2566 on 28 October to €14.5114 on 30 October 2026; the overall weighted average was €14.3881
  • Investors should watch for further buyback disclosures and any updates to the Group's long-term incentive plan obligations

Orange's Four-Day Treasury Share Purchase: Daily Breakdown of Volumes and Prices

Over the four trading sessions, Orange's daily purchase volumes and prices varied notably. On 28 October 2026, the company acquired 823,621 shares at a weighted average of €14.2566, totalling €11,742,035.15. The following day saw 383,888 shares purchased at €14.3587, amounting to €5,512,132.63. The largest single-day spend came on 30 October, when 837,472 shares were bought at €14.5114, reaching €12,152,891.18. On 2 November, 375,373 shares were acquired at €14.4318, for €5,417,308.06. The announcement confirms none of these transactions were conducted under a share liquidity contract.

Long-Term Incentive Plans Drive the Purpose Behind Orange's Buyback Activity

The announcement states that the acquired shares are designated specifically to meet obligations arising from long-term incentive plans covering corporate officers and senior employees. These plans are conditional on both presence and performance, and were established to align the interests of key Group managers with the success of Orange's strategic objectives. The buyback programme itself was authorised under the 13th resolution of the Shareholders' General Meeting held on 19 May 2026, with the Board of Directors activating the programme on the same date. Further programme details appear in Orange's 2025 universal registration document, section 6.5.

Orange's Global Scale: 340 Million Customers, €40.4 Billion in Revenues Across 26 Countries

Orange serves 340 million customers across 26 countries as of end-2025, including customers through MasOrange, and generated €40.4 billion in revenues. In France, the Group connects 34 million customers and has been ranked number one by regulator Arcep for mobile network quality for 15 consecutive years. In Africa and the Middle East — described as the Group's growth engine — Orange serves nearly 180 million customers. The Group is also a European fibre leader with 100 million connectable households, and supports enterprises through its Orange Business brand in AI, cloud, and cybersecurity services.

Orange's 11,000-Patent Portfolio and Submarine Cable Infrastructure Underpin Wholesale Market Position

Beyond retail connectivity, Orange holds a significant position in the global wholesale telecommunications market, supported by leading infrastructure and capabilities in deploying and operating submarine cables. The Group employs 700 researchers and holds a portfolio of 11,000 patents, reflecting its commitment to ongoing innovation. Investors monitoring Orange's capital allocation strategy may note that the current buyback programme represents one component of broader efforts to manage treasury shares while fulfilling structured employee incentive commitments across its international operations.