Orange Cyberdefense acquires the Swiss companies SCRT and Telsys – 11/14/2022 at 09:48

(AOF) – Orange Cyberdefense, Orange’s cybersecurity subsidiary, has acquired 100% of Swiss companies SCRT and Telsys. These two sister companies are jointly headquartered in Morges, near Lausanne, and employ around 100 staff, cybersecurity experts and associated services, spread evenly across the Geneva and Bern offices.

A leader in the Swiss francophone cybersecurity market, SCRT has been supporting its customers for 20 years by offering them a complete set of cybersecurity services, such as managed services solutions, consulting, ethical hacking or remediation in the event of an attack. 🇧🇷 Telsys is more specialized in managing IT solutions.

“We are very pleased with this acquisition and happy to welcome these new quality teams that come to augment all our capabilities. This is a new step towards our goal of becoming the European leader in cybersecurity. cybersecurity in Europe, thus consolidating the Orange group’s position in the Swiss market”, comments Hugues Foulon, CEO of Orange Cyberdefense.


key points

– Number 1 telecommunications operator born in 1991 in Europe serving around 260 million customers, including 46 million fixed broadband households and 238 million mobile subscribers;

– Activity of 45.5 billion euros, structured in 6 main branches: France for 44%, Europe (Spain, Belgium, Luxembourg, Moldova, Poland, Romania and Slovakia) for 25%, Africa-Middle East for 14%, business services by 18% then international operators and shared services as well as mobile financial services (Orange Bank);

– Economic model based on 3 pillars: “premium” positioning vis-à-vis the competition, convergent offers and growth in the IT offer, including cybersecurity;

– Strong presence of the State in the capital (22.95% of the shares and 29.54% of the voting rights), with Jacques Aschenbroich being chairman of the 7-member board of directors and Christel Heydemann managing from 19 May;

– Controlled financial situation with debt leverage of 1.91 at the end of June.


– “Engage 2025” strategy that aims to become a reference in 3 inclusive businesses – digital centers, social offers and smartphones at affordable prices:

– increase connectivity with 5G and fiber, that is, 68 million homes connected and, to progress, 65 million in 2023,

– accelerate growth in Africa-Middle East by 5% per annum, including Money Bank,

– put artificial intelligence and data at the heart of digitization,

– €1 billion cost reduction by 2023, operating margin of 2 to 3% per year;

– Innovation strategy focused on network intelligence, operational efficiency, customer experience and sustainability of data and artificial intelligence uses and rich in a portfolio of + 9,000 patents:

– implementation of 5G technical infrastructure in Europe in 2022 and preparation of self-adapting networks,

– co-innovation with 60+ accessible APIs, Datavenue platform and dedicated support with Art Factory, Orange Gardens, etc. and co-building offers with customers at Orange Lab,

– academic and industrial research partnerships in France and Europe,

– support for 500 start-ups on the Orange Fab network

– Orange Ventures venture capital fund with 350 million euros;

– Environmental strategy aiming at zero carbon from 2040 via:

– the circular economy in all process and uses,

– the Orange nature carbon background,

– the Padus Lab dedicated to the energy efficiency of networks and data centers,

– the launch of social and environmental impact loans;

– Improvement of assets and strengthening of leadership in fiber infrastructure via Orange Concessions in France, TOTEM, a structure that brings together the “high points” of the operator in France and Spain and via Fiberco in Poland;

– Consolidation of Spanish activities in a joint company with Orange and Masmovil;

– Continuation of market share gains in Europe and Africa, 1st growth engine;


– Impact of inflation compensation by the Scale Up program;

– Delay in the recovery of the Business segment, a “priority” for the group;

– Energy increase: full coverage in Europe in 2022 and +90% in 2023;

– After virtually flat operating income and income, confirmation of the 2022 objective of stable operating income, Capex of less than €7.4 billion and leverage effect of 2;

– Dividend forecast for 2022 at €0.7, with an installment of €0.30 in December.

End of price drop

Thanks to the price war, French consumers have benefited from internet prices that are among the lowest in Europe. But gradually subscription prices are rising. According to the telecommunications authority (Arcep), in 2021 they increased by 3.1% for mobile and 5.1% for fixed. If the current inflationary context can explain this rise in prices, it is not the only reason. All players are indeed looking to restore their margins. They have already managed to outsource part of their capital expenditures related to the deployment of their fiber and mobile infrastructures (4G and 5G). Now they have to increase their income. This is an important issue to benefit from your performance development. The generation of a satisfactory level of available cash (free cash flow) also allows them to benefit from attractive financing conditions, in a sector that requires substantial investments. Investments in the sector reached almost 15 billion euros in 2021, a historic level. The increase has reached almost 50% since 2017.

Leave a Comment