Orange forms Pisces cable venture as Orange stock trades at EUR 14.39

Published on 10/16/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Orange joins a 3,125-kilometer cable project for Europe. Orange stock costs EUR 14.39 on October 16, 2026, within its EUR 13.49 to EUR 18.81 range.

Orange combines growth and infrastructure

Orange's Pisces venture covers 3,125 kilometers and four countries after October 14, 2026.
First-half 2026 revenue reached EUR 20.95 billion, up 5.50 percent.
Orange stock trades at EUR 14.39 at 9:11 a.m. CEST at Lang & Schwarz on October 16, 2026.
JPMorgan raised its target to EUR 22.60 on October 7, 2026.

Flatlay-Aufnahme von Aktienzertifikat, Mobiltelefon, SIM-Karte und Glasfaserkabelrolle — Orange S.A. (FR0000133308) Aktienanlage dargestellt als Flatlay mit Zertifikat, Telefon und Glasfaserkabel, Illustration mit AI erstellt.

Orange (ISIN FR0000133308) was trading at EUR 14.39 at Lang & Schwarz on October 16, 2026 at 9:11 a.m. CEST. On October 14, 2026, Orange announced a joint venture with Equitix and MDM to develop the Pisces subsea cable system.

Pisces adds a 3,125-kilometer link

The project will connect Galway, Saint-Hilaire-de-Riez, Sopelana and Carcavelos through a 3,125-kilometer route with 16 fiber pairs. Deployment is expected in 2028, while engineering and permitting are underway, according to Orange.

The cable is designed to link Ireland directly with continental Europe and provide open-access dark fiber capacity. Its commercial relevance lies in route diversification and stronger links between Irish data centers and European networks, rather than in a disclosed near-term revenue contribution.

What does the margin picture show?

Orange entered the project with first-half 2026 revenue of EUR 20.95 billion, up 5.50 percent, while Orange Business revenue fell 3.10 percent during the same period, according to Ideal Investisseur. The contrast leaves the infrastructure unit with a clear strategic role while the corporate business remains a pressure point.

Three dated Orange developments

On July 28, 2026, Orange reported EUR 20.95 billion in first-half revenue and raised its annual targets, according to Ideal Investisseur. On October 7, 2026, JPMorgan lifted its Orange target from EUR 22.50 to EUR 22.60 while keeping an Overweight rating, as reported by Goldesel. On October 14, 2026, Orange announced the Pisces venture covering 3,125 kilometers and 16 fiber pairs.

Two dates shape the calendar

Boursorama lists October 27, 2026 as Orange's third-quarter results date, while the next dividend shown there is EUR 0.30 on December 1, 2026, according to Boursorama.

Stock valuation remains data driven

Orange's market capitalization was EUR 38.1 billion as of October 16, 2026, and its 52-week range was EUR 13.49 to EUR 18.81. JPMorgan's EUR 22.60 target sits above the current euro quotation, but the stock's next material test is the October 27 results update.

Orange was trading at EUR 14.39 at Lang & Schwarz on October 16, 2026 at 9:11 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Orange stock.