Orange shares fall as it announces collaboration with Google on Dunant cable

Orange shares are lower Friday, as the French telecoms firm announced it will collaborate with Google on its Dunant transatlantic submarine cable.

Orange shares fall as it announces collaboration with Google on Dunant cable

Orange shares are lower Friday, as the French telecoms firm announced it is collaborating with Google on the Dunant submarine cable installation. This is the first new submarine cable between the US and France in over 15 years and Orange will be responsible for the French-based landing station.

By 1240 BST, Orange shares were 0.69% lower at €13.60. The stock has been mixed in recent weeks, but is essentially little changed from mid-September.

Orange working with Google

Google announced plans for the new Dunant cable, to help support the huge growth in demand for connectivity across the Atlantic, in July 2018. Now, Orange has been confirmed as its European partner to support the new cable in France.

“As the French landing partner, Orange will build and operate the landing station on the French Atlantic coast and provide the backhaul service to Paris,” Orange said. “Thanks to this partnership, Orange will be is a stronger position to support the development of new uses for its consumer and enterprise customers in Europe and America.”

The submarine cable will be 6,600 kilometres and is expected to be in service during 2020.

Long-term plans for up-to-date tech

The Dunant submarine cable will be among the most technologically up-to-date Atlantic connections available. Not only will it combine all of the most advanced tech, the design will be such that fresh developments will also be supported.

Orange is a major investor in over 40 submarine cables and it said it is proud to be working with Google in away that will also benefit its own customers.

“I am extremely proud to announce this collaboration with Google to build a new, cutting-edge cable between the USA and France,” said Orange Chairman and CEO, Stéphane Richard. “The role of submarine cables is often overlooked, despite their central role at the heart of our digital world.”

“Google is a major partner for Orange and this project reflects the spirit of our relationship,” Richard added.

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