# Orange Lifts 2026 EBITDAaL Growth Target After Nine-Month Gains

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/42194
Published: 2026-10-28T01:13:03.000Z
Updated: 2026-10-28T01:13:03.000Z
Section: Business

> Third-quarter revenue rose 3.6% on a comparable basis. Orange kept the planned SFR transaction’s expected closing window in the second half of 2027.

Orange raised its 2026 EBITDAaL growth target after the French telecom group recorded 4.8% growth in the first nine months, while keeping the expected closing window for its planned SFR transaction unchanged.

For the quarter ended Sept. 30, Orange posted revenue of €12.2 billion, up 3.6% year over year on a comparable basis. EBITDAaL reached €4.1 billion, a 4.6% increase from a year earlier. The company now expects full-year EBITDAaL growth of more than 4.5%, up from its previous target of more than 4%.

The SFR transaction is still expected to close in the second half of 2027, subject to regulatory approvals. The proposed deal would divide activities of SFR, France’s second-largest telecommunications operator, among Orange, Bouygues Telecom and Free–iliad Group.

A June memorandum of understanding with Altice France set a proposed enterprise value of €20.35 billion for the assets under consideration. Orange’s share was about 27%, subject to closing adjustments, with a potential earn-out of up to €0.65 billion. Proceedings brought by Altice France’s works council are ongoing.