Christel Heydemann, the new CEO at Orange, has made it clear that major M&A activity is not part of her strategy for the major network operator and that there is plenty of progress to be made with the company's existing operations in Europe, the Middle East and Africa. During a first quarter financial report press conference held on Tuesday morning, Heydemann, who took over from Stéphane Richard earlier this month, noted that "Orange's strategy doesn't involve cross-border, European consolidation or a big M&A project... We have a lot of value in the business that we can already bring to our existing customers in our existing geographies," she added. The comments came only a day after one of Orange's main peers, Vodafone, was reportedly coming under pressure from investors to get M&A deals done.