Q4 2021 Orange SA Earnings Call Transcript
Good morning, and welcome to our full year 2021 earnings presentation. To begin, I will present the main highlights of the year, and then I will hand over to Ramon, who will give you more details about our financial results.
Let's start with our key messages for Q4 2021 on Slide 4. Our strategic choices are paying off as Orange remains the undisputed #1 FTTH and convergent player in Europe, a leadership position that has been confirmed by our excellent commercial performance in 2021. And that will be further strengthened by the recent acquisition of Telekom Romania and the ongoing process with Voo in Belgium. To better extract value from our first-class infrastructure assets, we have finalized during the fourth quarter the deconsolidation of Orange Concessions and the carve-out of TOTEM, which currently comprises Spanish and French mobile sites. Our objective for 2022 is to add other countries from our European footprint. Our 2021 financial results are paving the way for our 2023 ambitions, with excluding the allocation of the tax refunds and
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