- Orange is willing to give up control of its banking unit, BFM Business reported.
PARIS: BNP Paribas is seen as the favourite candidate among French banks to invest in Orange Bank, the online banking unit of France's biggest telecoms group Orange, BFM Business reported on Thursday.
The bank wants to benefit from Orange's international network in Africa, Spain and Poland, the news website said.
Orange is willing to give up control of its banking unit, BFM Business reported.
Orange was not immediately available for comment.
A source close to the matter told Reuters this month that Orange was looking for a new investor in its banking unit.
Orange owns 78% of Orange Bank while French insurer Groupama holds the remaining 22%.