Orange has entered into an exclusivity agreement with La Banque des Territoires (Caisse des Dépôts), CNP Assurances, and EDF Invest for the sale of a 50% equity interest and co-control of Orange Concessions.

With 23 public initiative networks (PIN) representing over 4.5 million built or to-be-built plugs, Orange Concessions will be France’s leading fibre-to-the-home (FTTH) operator of networks rolled out and operated on behalf of local public authorities. The transaction will be subject to the prior approval of the relevant competition authorities and is expected to close by the end of 2021.

Latham & Watkins is advising Orange on antitrust matters with a team led by Paris partner Jacques-Philippe Gunther with associates Laure Maes, Amine Mansour, and Anne-Claire Théry.

Dentons advised Orange on the structuring, drafting and negotiation of all operational and project documentation to be concluded between the holders of Public Initiative Networks, Orange Concessions and Orange SA. Paris-based partner Christophe Fichet (TMT) led the Dentons legal team, with support from counsel Dorothée Griveaux (Public Law), and associates Maxime d’Angelo Petrucci (TMT) and Marie Decrette (M&A).