Orange explores satellite spectrum bid: Orange stock gains 1.20 percent
Published on 10/20/2026 at 09:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSSatellite strategy and earnings date
- Four operators signed the satellite spectrum letter of intent on October 19, 2026.
- BofA set a EUR 19.20 Orange target in its October 19, 2026 preview.
- Orange stock trades at EUR 14.37 at 9:47 a.m. CEST at Lang & Schwarz on October 20, 2026, 1.20 percent above the Xetra close of October 19, 2026.
- Orange is scheduled to report third-quarter results on October 27, 2026.
Orange (ISIN FR0000133308) is exploring a joint European mobile satellite spectrum bid, while Orange stock trades at EUR 14.37 at Lang & Schwarz on October 20, 2026 at 9:47 a.m. CEST, up 1.20 percent versus the Xetra close of October 19, 2026 at EUR 14.20. The company said on October 19 that it had signed a letter of intent with Deutsche Telekom, Telefónica and Vodafone, according to Orange.
Four operators plan open access
The proposed project would examine a joint bid for Mobile Satellite Services spectrum and support direct-to-device connectivity. The four operators plan to build ground infrastructure and coordination systems, while a satellite partner would provide the constellation, Reuters reported on October 19, 2026.
The letter does not replace Orange's existing satellite partnerships. The commercial question is whether the proposed open-access model can create additional network reach without requiring Orange to finance a satellite constellation.
What does the target imply?
In a preview published on October 19, 2026, BofA Global Research raised its 2026 Orange revenue forecast by 0.10 percent and its EBITDAaL forecast by 0.30 percent. It kept a EUR 19.20 price objective and expected third-quarter revenue of EUR 12.16 billion, 3.30 percent above the prior-year period, according to Investing.com.
Three dates mark the setup
On July 28, 2026, Orange reported first-half revenue of EUR 20.948 billion, up 5.50 percent, while Orange Business revenue declined 3.10 percent, according to Ideal Investisseur. On October 15, 2026, BofA's outlook pointed to a EUR 19.20 target. The October 19, 2026 satellite letter is the latest event and involves four operators.
Next results arrive October 27
Orange is scheduled to publish its third-quarter results on October 27, 2026. The release will test whether the forecast for EUR 12.16 billion of quarterly revenue and possible full-year guidance improvement can offset the company's stated caution about French mobile promotions.
Stock trades above the Xetra close
Orange stock was trading at EUR 14.37 at Lang & Schwarz on October 20, 2026 at 9:47 a.m. CEST, 1.20 percent above the Xetra close of October 19, 2026 at EUR 14.20. The wider 52-week range was EUR 14.16 to EUR 18.81 as of October 19, 2026.
The further course of trading is shown by the continuously updated real-time quote of Orange stock.
Orange stock facts
- Company: Orange S.A.
- ISIN: FR0000133308
- Ticker: ORA
- Primary exchange: Euronext Paris
- Price Lang & Schwarz (as of October 20, 2026, 9:47 a.m. CEST): EUR 14.37
- Change versus Xetra close: plus 1.20 percent
- Xetra close (October 19, 2026): EUR 14.20
- Market capitalization: EUR 42.3 billion (as of October 19, 2026)
- 52-week range: EUR 14.16-EUR 18.81 (as of October 19, 2026)
- Sector / Industry: Communication Services / Telecommunications Services
- Index membership: CAC 40
- Next earnings date: October 27, 2026
Market context: Market report CAC 40.
