Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Altice    ATC   NL0011333752

ALTICE (ATC)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Orange to launch online banking service on Nov. 2

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/03/2017 | 02:04pm CEST
Attendees visit the Orange workshop at the Viva Technology conference in Paris

PARIS (Reuters) - French telecoms group Orange (>> Orange) plans to launch an online banking service on Nov. 2 as it seeks to add another source of revenue to its core services.

PARIS (Reuters) - French telecoms group Orange (>> Orange) plans to launch an online banking service on Nov. 2 as it seeks to add another source of revenue to its core services.

The move highlights the heightened competition in retail financial services, with mobile telecoms network operators seeing increased smartphone ownership and reduced use of bank branches as an opportunity to compete with traditional lenders.

The company had originally scheduled the launch of Orange Bank on July 6 but then postponed, citing the need to "extend and broaden the test phase".

"The commercial launch will take place on Nov. 2," said the spokesman, confirming an earlier report by French newspaper La Tribune.

Orange Bank is to offer its customers use of an instant, secure mobile payment service as well as a free debit card. Its online app will also make it possible for users to transfer money via a text message to another Orange account.

France's largest online banks, ING Direct and SocGen's Boursorama (>> Société Générale), have some 1 million clients each. Orange Bank aims to win some 2 million customers in 10 years and break even in four to five years.

The new service was formed after the acquisition of a 65 percent stake in Groupama Banque last year.

Orange's rival Altice (>> Altice), which owns France's second biggest network operator, also has ambitions to launch an online bank, by early 2019 in the European countries where it operates, a source close the matter said in July.

(Reporting by Mathieu Rosemain; Editing by Sudip Kar-Gupta, Greg Mahlich)

Stocks treated in this article : Orange, Société Générale, SFR Group, Altice
Stocks mentioned in the article
ChangeLast1st jan.
ORANGE -0.27% 14.77 Real-time Quote.2.31%
SFR GROUP 0.00%-End-of-day quote.28.59%
SOCIÉTÉ GÉNÉRALE -0.13% 45.745 Real-time Quote.6.40%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ALTICE
04/24ALTICE : EU regulators hit Altice with 125 million fine over PT Portugal bid
RE
04/24ALTICE : N.V. will file an appeal against the European Commission's decision
PU
04/18Bouygues denies plans to acquire SFR
AQ
04/09ALTICE USA, INC. FILES (8-K) Disclosing Regulation FD Disclosure, Financial S..
AQ
04/06ALTICE : Publishes Convocation and Documents for AGM
PU
03/15Debt-ridden telecoms group Altice says seeing recovery in France
RE
03/15ALTICE NV : Full Year and Q4 2017 Pro Forma Results
AQ
03/13American Tower, KKR are bidders for Altice NV's towers - Bloomberg
RE
03/12ALTICE NV : Altice Enters Into Exclusivity For The Sale of Its International Who..
AQ
03/12ALTICE NV : annual earnings release
More news
News from SeekingAlpha
04/16Altice issues jump amid Bouygues interest in French unit 
03/16ALTICE N V ADR 2017 Q4 - Results - Earnings Call Slides 
01/23Altice, Altice USA climbing as Barclays lauds separation plan 
2017Altice won't sell equity to address debt pile, it says 
2016WALL STREET BREAKFAST : BAT Bids $47B To Buy Out Reynolds American 
Financials (€)
Sales 2018 22 536 M
EBIT 2018 3 280 M
Net income 2018 248 M
Debt 2018 48 533 M
Yield 2018 -
P/E ratio 2018 524,81
P/E ratio 2019 16,71
EV / Sales 2018 2,76x
EV / Sales 2019 2,65x
Capitalization 13 772 M
Chart ALTICE
Duration : Period :
Altice Technical Analysis Chart | ATC | NL0011333752 | 4-Traders
Technical analysis trends ALTICE
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 13,0 €
Spread / Average Target 57%
EPS Revisions
Managers
NameTitle
Dexter G. Goei Chief Executive Officer & Director
Patrick Drahi President
Jurgen van Breukelen Chairman
Dennis Okhuijsen Chief Financial Officer & Executive Director
Bruno Zerbib Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
ALTICE-5.19%16 822
VERIZON COMMUNICATIONS-8.07%198 508
NIPPON TELEGRAPH AND TELEPHONE CORP-3.45%99 324
DEUTSCHE TELEKOM-4.60%82 673
TELEFONICA2.20%52 847
ORANGE2.31%48 347