EE flotation postponed until 2014 according to Orange

Written by: Samantha Tomaszczyk
EE flotation postponed until 2014 according to Orange

Orange’s chief financial officer said a later flotation will allow EE to present a whole year of 2013 results to the market

EE’s stock market flotation will not happen until next year, Orange’s chief financial officer Gervais Pellissier has said.

Orange, which jointly owns EE with Deutsche Telekom (T-Mobile) has previously suggested EE could be floated later this year.

But speaking at the operator’s second quarter results this week (read results story here) Pellissier said a 2014 floatation would give EE a chance to report more attractive financial results.

This could include reaching one million 4G customers, which EE says it is on course to do by the end of 2013.

Pellissier said: “We prefer to give the team at EE time to present the whole year of 2013 results to the markets, so the initial public offering, if we do it, will be in 2014 and not before.”

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