New York State Common Retirement Fund Acquires Shares of 3,463 Orange S.A. (NYSE:ORAN)

The New York State Common Retirement Fund (NYSCRF) has recently acquired shares of 3,463 Orange S.A. (NYSEORAN), a Spanish telecommunications company. The acquisition was made as part of the fund's ongoing efforts to diversify its portfolio and invest in companies that have strong growth potential.

Orange S.A. is one of the largest telecommunications companies in Spain, with operations in over 30 countries across Europe, Africa, and the Middle East. The company provides a range of services, including fixed-line broadband, mobile, and TV, as well as cloud computing and cybersecurity solutions.

The NYSCRF is one of the largest pension funds in the United States, with assets under management of over $200 billion. The fund invests on behalf of more than 1 million public sector employees and retirees in New York State.

The acquisition of Orange S.A.'s shares is expected to provide the NYSCRF with exposure to the growing telecommunications market in Europe, as well as access to new technologies and services that can help the fund stay ahead of the curve in an increasingly competitive industry.