Orange forms Pisces cable venture: Orange stock sits 6.23 percent above its 52-week low

Published on 10/15/2026 at 11:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Pisces will connect four countries through 3,125 km of cable and 16 fiber pairs. Orange stock costs EUR 14.33 on October 15, 2026, 6.23 percent above its low.

Pisces project and financial backdrop

Orange announced the Pisces joint venture on October 14, 2026, covering 3,125 kilometers and 16 fiber pairs.
First-half 2026 revenue reached EUR 20.9 billion, up 3.50 percent from the prior year.
Orange stock trades at EUR 14.33 at 11:20 a.m. CEST at Lang & Schwarz on October 15, 2026, 6.23 percent above its 52-week low of EUR 13.49.

Techniker installiert Glasfaserkabel an Verteilerkasten in Pariser Straße, Nahaufnahme — Orange S.A. (FR0000133308) betreibt Glasfasernetze, hier zeigt ein Techniker Wartungsarbeiten an Verteilerkasten, Illustration mit AI erstellt.

Orange stock (ISIN FR0000133308) was trading at EUR 14.33 at Lang & Schwarz on October 15, 2026, at 11:20 a.m. CEST, 6.23 percent above its 52-week low of EUR 13.49. On October 14, Orange announced a joint venture for the Pisces subsea cable system with Equitix and MDM, according to Orange.

Pisces links four countries

The planned cable will stretch 3,125 kilometers and contain 16 fiber pairs. It will connect Galway in Ireland with landing points at Saint-Hilaire-de-Riez in France, Sopelana in Spain and Carcavelos in Portugal. Orange will build a new landing station in Sopelana, while the project is expected to be deployed during 2028, the company said in the October 14 release.

The commercial logic is route diversification. Pisces is designed as an open-access dark-fiber system that links Irish data centers directly with continental Europe and avoids reliance on a United Kingdom transit route. The marine survey was completed in August, with engineering and permitting now underway.

What do the figures mean?

Orange entered the project with a mixed operating backdrop. In the first half of 2026, revenue rose 3.50 percent to EUR 20.9 billion, while net debt reached EUR 35.7 billion and Orange Business revenue fell 3.10 percent, according to Ideal Investisseur. The figures make infrastructure expansion strategically relevant, but they also show why capital spending and leverage remain important measures for the stock.

Three dated Orange milestones

On July 28, 2026, Orange published first-half results with EUR 20.9 billion of revenue and 13.90 percent revenue growth in Africa and the Middle East, as reported by Ideal Investisseur. On September 8, 2026, Orange completed a four-tranche bond issue totaling EUR 4.1 billion, according to the same report. On October 14, 2026, Orange announced the Pisces joint venture and its 3,125-kilometer cable.

Next dates for Orange

Yahoo Finance lists October 27, 2026, as the next earnings date for Orange, while the company expects Pisces deployment during 2028, according to Yahoo Finance and Orange.

Stock stays above yearly low

The EUR 14.33 Lang & Schwarz quote stands 6.23 percent above Orange's EUR 13.49 52-week low and below its EUR 18.81 52-week high, based on the October 15, 2026 market snapshot. Market capitalization was EUR 38.2 billion on October 15, 2026. The further course of trading is shown by the continuously updated real-time quote of Orange stock.