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4-Traders Homepage  >  Equities  >  Euronext Paris  >  ORANGE SA    ORA   FR0000133308

ORANGE SA (ORA)

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FRANCE TELECOM : Orange launches second edition of the Orange African Social Venture Prize

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05/22/2012 | 04:03pm CEST

Armed with the success of the previous edition in 2011, today Orange is launching the second edition of its Orange African Social Venture Prize. The goal is to promote social innovation that supports development through Information and Communication Technology (ICT).

With this prize, Orange will provide a financial endowment as well as expert support to the young panies that put forward innovative projects with a significant social impact.

winners of the first edition
Last year, more than 600 candidates responded to the call for projects, reflecting the strong entrepreneurial spirit and the high potential of telemunications services in Africa.

The three prize-winners of the first edition, announced at the AfricaCom Awards in Cape Town in November 2011, proposed the following projects:
Horticultural Tele-Irrigation: a Nigerien project that puts mobile technology in the hands of horticulturalists;
Agasha Business Network: a Ugandan munity-based e-merce platform that promotes small African businesses to the global market;
Kachile: an Ivory Coast e-merce start-up for African craft products.

encouraging the use of ICT to aid development
The Orange African Social Venture Prize will be awarded once again this year to three entrepreneurs or start-ups offering solutions that use ICT in innovative ways to meet the needs of populations on the African continent. Projects proposed during the first edition covered a variety of fields, such as healthcare, agriculture, banking services and education.

supporting social entrepreneurs
Orange is mitted to financially supporting and offering its expertise to the management of the growing small and midsize panies who are awarded this prize. In addition to receiving an endowment of 10,000 to 25,000 euros, the three prize-winners will receive six months of support from entrepreneurial and ICT experts. In addition, a "favourite project", selected by visitors of the Group's web portal www.starafrica., will be highlighted before the jury responsible for selecting the winning projects.

who can enter?
Any entrepreneur or legal entity that has been in existence for fewer than three years at the time of the petition may participate at no cost and with no restriction on nationality. Submitted projects must be designed to be deployed in at least one of the African countries in which Orange operates and must use information and munication technology in an innovative way to help improve the living conditions of the populations in these countries.

Applications are accepted from May 22 to September 21, 2012 on Orange's pan-African web portal, www.starafrica..

Orange operates in 18 African countries and has a total of 70 million customers. To contribute to the social and economic development of these countries, the Group has put together the "Orange for Development" programme, which is based on three central themes:
-    the development of its networks to maximize the number of people who are able to benefit from digital services;
-    innovation to meet the needs of populations through value-added services in essential fields such as healthcare, education, agriculture and banking services; and
-    contributing to the local development of ICT markets and innovation ecosystems.
It is to meet this last goal, which is aligned with both its innovation strategy as well as its Corporate Social Responsibility policy, that the Group decided to launch the Orange African Social Venture Prize.

find out more
the presentation of the petition by the jury on the portal StarAfrica.

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EBIT 2016 5 664 M
Net income 2016 2 923 M
Debt 2016 23 608 M
Yield 2016 4,48%
P/E ratio 2016 12,93
P/E ratio 2017 13,21
EV / Sales 2016 1,47x
EV / Sales 2017 1,43x
Capitalization 36 376 M
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NameTitle
Stéphane Richard Chairman & Chief Executive Officer
Ramón Fernández CFO, Deputy CEO-Finance & Strategy
Mari-Noëlle Jégo-Laveissičre SEVP-Innovation, Marketing & Technology
Claudie Haigneré Independent Director
José-Luis Durán Ruiz Independent Director
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