Benzinga | Jun 4, 2021 01:20PM EDT

Orange Chief Initiates Internal Probe in Latest Network Outage

* French telecom company Orange SA (NYSE:ORAN) Chair and CEO Stephane Richard initiated an internal investigation into this week's network outage, which barred emergency phone calls in France, Reuters reports.

* The report's conclusion is estimated to arrive within a week. Orange reiterated it had resumed the network's operations.

* Health minister Olivier Veran was yet to establish any link between the outage and three to four deaths recorded during the period.

* The French government and state bank Bpifrance together hold around 23% of Orange's share capital, making the French state Orange's biggest individual shareholder.

* The disruption to French emergency phone services begun on Wednesday afternoon before being entirely fixed by Thursday.

* Richard did not ascribe the outage to any attack, malicious act, human error, or maintenance issue.

* Price action: ORAN shares traded lower by 0.16% at $12.85 on the last check Friday.