Danes need more Orange juice

9 Jan 2003

Morten Christiansen, the Chief Operating Officer of Orange Denmark, has announced that the cellco needs a further cash injection despite it being close to becoming cash-flow positive. However, Christiansen refused to say how much funding was needed or speculate on where it will come from. Orange provided its Danish subsidiary with a capital injection last September, diluting the Danish government’s stake in the cellco to 10%. Orange recently pulled out of neighbouring Sweden as part of enforced cost-cutting measures.