clear

Creating new perspectives since 2009

Orange to end service in Israel

July 1, 2015 at 12:09 pm

French telecommunications group Orange has reached a deal with its Israeli partner that could pave the way for their eventual split amid controversy and growing calls for companies to boycott Israel, AFP reported on Tuesday.

An Orange spokesman insisted that the company is not pulling out of Israel but simply rethinking its brand agreement with Israeli company Partner Communications.

Orange said that the two companies reached an agreement that allows either of them to terminate the existing contract.

If the contact is terminated within two years, Orange has agreed to pay Partner up to 90 million euros ($100 million).

Orange CEO Stephane Richard stoked anger last month by announcing he wanted to sever business ties with Israel.

He later apologised to Israeli Prime Minister Benjamin Netanyahu, saying he opposes the boycott movement and will continue to invest in Israel.