Year 2017. Orange is ahead of all its competitors and becomes the first telephone operator to enter the banking business. Orange Bank was born in France with a risky bet, with the aim of becoming the current account of its clients and attracting new income streams. The launch had a strong impact on both the telecommunications and banking sectors, which saw the entry of a strong brand as a competitor in basic financial services. The neobank has not been four years old but it is already experiencing an internal earthquake, with the announcement of the rupture between partners.
Orange protests at the CNMC over the prices imposed by Telefónica to broadcast football