FT-Orange invests in venture capital partnership

12 Mar 2012

France Telecom-Orange has announced that it is joining with global advertising group Publicis to jointly acquire a 49% stake in the European venture capital group Iris Capital Management. The French telco says the partnership will ‘create one of Europe’s premier venture capital investors in the digital economy’. Stephane Richard, chairman and CEO of France Telecom-Orange, said: ‘This joint initiative with Publicis Groupe and Iris is a pioneer in its field. It complements Orange’s considerable effort in terms of research and development, and it will encourage the emergence of future leaders of the digital economy by bringing them funds at several stages of their development.’

France, Orange Group