Orange Belgium S.A.

Orange Belgium reported a 10.5% rise in first-half 2026 EBITDAaL to €292.5 million, driven by resilient retail service revenue growth, value management, and cost efficiencies, and upgraded its full-year EBITDAaL growth forecast to above 5%. Total revenues edged up 0.4% to €966.5 million, with retail service revenues returning to growth at a 0.7% increase. The mobile postpaid customer base grew 2.2% year-on-year to 3,594,000 subscribers, while the cable customer base rose 1.3% to 1,047,000. eCapex remained stable at €184.8 million, and net financial debt fell 5.8% to €1,770.4 million. CEO Xavier Pichon highlighted the launch of the new 'Trust the future' strategy and recognition of Orange Belgium's mobile network as the fastest 5G in Belgium by Ookla.

Nokia has secured a multi-year contract with Orange Belgium to upgrade the operator's transport network, serving as the sole supplier for a large-scale modernization project. The deal will combine Orange Belgium's fixed and mobile transport systems into a converged optical network using Nokia's 1830 Photonic Service Switch platform, supporting speeds from 1G to 400G and beyond, along with AI-powered WaveSuite automation software. The upgrade aims to improve efficiency and service readiness for high-bandwidth demands driven by AI, cloud computing, 5G, and streaming. Nokia shares have surged 132.5% over the past year, far outpacing the industry's 40.1% growth, though the stock currently carries a Zacks Rank #3 (Hold).