Telecoms group Orange kicks off the carving-out of its towers in Europe
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PARIS (Reuters) - Orange said it planned to carve out its mobile towers in most European countries where it is present, in a move aimed at shoring up the telecom group's value as tough competition in the region has hampered its growth and margins. France's former telecoms monopoly said that it owned about 40,000 towers of its mobile network on the continent. The first so-called national "TowerCos" will be created in France and Spain, the company's two biggest markets, in 2020. The Paris-based..