France Telecom announces the acquisition of a 100% stake in the Spanish company Ya.com for an enterprise value of 320 million euros, consolidating Orange's position as number two on the Spanish ADSL market with more than one million subscribers, offering Spanish consumers a genuine alternative to the historical operator.

This acquisition represents a further step forwards with the deployment of the strategy to make the Group one of the world's leading integrated operators. On the Spanish broadband market, which is growing rapidly and offers major potential for development, Orange now has a critical mass with an 18% share of the ADSL market. This operation will also make it possible to optimize network infrastructure investments, as well as the deployment of fully unbundled services before the year is out. In this way, new clients will be able to access the mobile and internet content and services developed by Orange.

Completion of this transaction is subject to approval by the competition authorities, which approval should be received in the coming weeks.