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Risks
1. Competition: Orange faces competition from major competitors like Vodafone, BT, Telefonica, and Deutsche Telekom.
2. Market Share: Orange has had difficulty maintaining its market share due to increasing competition.
3. Regulatory Risks: Orange is subject to regulations set by government agencies. Any changes in the regulations could adversely affect their operations.
4. Technology Risks: Orange relies heavily on technology, and any issues with network reliability can severely impact their operations.
5. Currency Risk: Orange's international operations are exposed to currency fluctuations and exchange rate risks.