Orange is still struggling in Spain

French telecoms group Orange hit its targets for the full year but a closer look at the numbers shows it’s still not having an easy ride in its home market, nor in neighbouring Spain.
Indeed, the company’s financials were – as is so often the case – buoyed by growth in the Middle East and Africa. Group revenues were essentially flat, with growth of 10.6% at the Africa and Middle East business helping to offset a 1.6% decline in France and a smaller fall in the rest of Eur