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Orange looks for new investor in loss-making banking unit - source

2 Min Read PARIS, March 3 (Reuters) - Orange, France’s biggest telecoms firm, is looking for a new investor in its banking unit, a source close to the matter said on Wednesday, as it seeks to mitigate the heavy losses made by the four-year-old division. Chief Executive Officer Stéphane Richard trumpeted the launch in 2017 of Orange Bank as key strategic step toward the diversification of revenues streams for the group, which faces tough competition from rivals in France and Spain, its two bi...
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