The flotation of Orange will force the market to reflect on the true value of mobile phone shares. T...
The flotation of Orange will force the market to reflect on the true value of mobile phone shares. That reflection may be neither kind or charitable. Some babies are born with silver spoons in their mouths. This one looks to have iron manacles around its feet. The Orange float will also be a defining event for France's economy. The corporate state has made a big bet on capturing leadership of Europe's digital economy, and the next few weeks of trading may show whether the gamble succeeds or fails. Will Orange be France Telecom's Austerlitz, or its Waterloo? The French, with justification,...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes