French telecom operator Orange (ORANY) is seeking to raise EUR 400M-EUR 500M by selling a stake of as much as 50% in its data center business, Bloomberg’s Vinicy Chan and Jillian Deutsch report. Deliberations are ongoing and Orange could still decide against a deal, people familiar with the matter say.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORANY: