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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_obel_DirectCosts" xml:lang="fr">Coûts directs.</label>
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ExpenseOfRestructuringActivities" xlink:label="loc_ifrs-full_ExpenseOfRestructuringActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_ExpenseOfRestructuringActivities" xml:lang="fr">Charges liées aux activités de restructuration</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_FinanceIncomeCost" xml:lang="fr">Produits financiers (charges financières)</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_GeneralAndAdministrativeExpense" xml:lang="fr">Frais généraux et administratifs</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_ImpairmentLossRecognisedInProfitOrLoss" xml:lang="fr">Perte de valeur comptabilisée en résultat</label>
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<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables" xlink:label="loc_ifrs-full_ImpairmentLossRecognisedInProfitOrLossTradeReceivables" />
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xml:lang="fr">Charge (produit) d'impôt</label>
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<loc xlink:type="locator" xlink:href="5493007JS0ZHJVBUWP18-2024-12-31.xsd#obel_IndirectCostsNetOfOtherIndirectIncome" xlink:label="loc_obel_IndirectCostsNetOfOtherIndirectIncome" />
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_MiscellaneousOtherOperatingExpense" xml:lang="fr">Autres charges d'exploitation diverses</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_obel_OtherDirectCosts" xml:lang="fr">Autres coûts directs</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_obel_OtherDirectCosts" xml:lang="fr">Autres coûts directs</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_obel_OtherDirectCosts" xml:lang="fr">Autres coûts directs.</label>
<loc xlink:type="locator" xlink:href="5493007JS0ZHJVBUWP18-2024-12-31.xsd#obel_OtherInformationTechnologyAndNetworkExpenses" xlink:label="loc_obel_OtherInformationTechnologyAndNetworkExpenses" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_obel_OtherInformationTechnologyAndNetworkExpenses" xml:lang="fr">Autres dépenses IT et réseau</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_obel_OtherInformationTechnologyAndNetworkExpenses" xml:lang="fr">Autres dépenses IT et réseau</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_obel_OtherInformationTechnologyAndNetworkExpenses" xml:lang="fr">Autres dépenses IT et réseau.</label>
<loc xlink:type="locator" xlink:href="5493007JS0ZHJVBUWP18-2024-12-31.xsd#obel_RevenueFromConvergentServices" xlink:label="loc_obel_RevenueFromConvergentServices" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_obel_RevenueFromConvergentServices" xml:lang="fr">Convergence</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_obel_RevenueFromConvergentServices" xml:lang="fr">Convergence.</label>
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_SalesAndMarketingExpense" xlink:label="loc_ifrs-full_SalesAndMarketingExpense" />
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<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xlink:label="loc_ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xml:lang="fr">Charges d'impôt autres que les charges d'impôt sur le résultat</label>
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<loc xlink:type="locator" xlink:href="5493007JS0ZHJVBUWP18-2024-12-31.xsd#obel_ContractAssetsAndAssetsRecognisedFromCostsToObtainOrFulfilContractsWithCustomersCurrent" xlink:label="loc_obel_ContractAssetsAndAssetsRecognisedFromCostsToObtainOrFulfilContractsWithCustomersCurrent" />
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<loc xlink:type="locator" xlink:href="5493007JS0ZHJVBUWP18-2024-12-31.xsd#obel_CurrentPayablesOnTaxesOtherThanIncomeTax" xlink:label="loc_obel_CurrentPayablesOnTaxesOtherThanIncomeTax" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_obel_CurrentPayablesOnTaxesOtherThanIncomeTax" xml:lang="fr">Impôts et taxes d'exploitation passifs</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_obel_CurrentPayablesOnTaxesOtherThanIncomeTax" xml:lang="fr">Impts Et Taxes dExploitation Passifs.</label>
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_Cash" xlink:label="loc_ifrs-full_Cash" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_ifrs-full_Cash" xml:lang="fr">Trésorerie</label>
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<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashEquivalents" xlink:label="loc_ifrs-full_CashEquivalents" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="lab_ifrs-full_CashEquivalents" xml:lang="fr">Équivalents de trésorerie</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="lab_ifrs-full_CashEquivalents" xml:lang="fr">Équivalents de trésorerie</label>
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<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xml:lang="fr">Flux net de trésorerie lié aux opérations de financement</label>
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<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xml:lang="fr">Dividendes versés aux porteurs d'actions de l'entité mère, classés dans les activités de financement</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_DividendsPaidToEquityHoldersOfParentClassifiedAsFinancingActivities" />
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:label="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xml:lang="fr">Paiements de passifs au titre de contrats de location, classés dans les activités de financement</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" xlink:to="lab_ifrs-full_PaymentsOfLeaseLiabilitiesClassifiedAsFinancingActivities" />
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:label="loc_ifrs-full_RepaymentsOfNoncurrentBorrowings" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings" xml:lang="fr">Remboursements d'emprunts non courants</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_RepaymentsOfNoncurrentBorrowings" xlink:to="lab_ifrs-full_RepaymentsOfNoncurrentBorrowings" />
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xml:lang="fr">Flux net de trésorerie affecté aux opérations d'investissement</label>
<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" />
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" xlink:label="loc_ifrs-full_CashFlowsUsedInObtainingControlOfSubsidiariesOrOtherBusinessesClassifiedAsInvestingActivities" />
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<loc xlink:type="locator" xlink:href="5493007JS0ZHJVBUWP18-2024-12-31.xsd#obel_IncreaseDecreaseInPayablesRelatedToPropertyPlantAndEquipmentAndIntangibleAssetsOtherThanGoodwill" xlink:label="loc_obel_IncreaseDecreaseInPayablesRelatedToPropertyPlantAndEquipmentAndIntangibleAssetsOtherThanGoodwill" />
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_obel_IncreaseDecreaseInPayablesRelatedToPropertyPlantAndEquipmentAndIntangibleAssetsOtherThanGoodwill" xml:lang="fr">Augmentation diminution des dettes fournisseurs d'immobilisations.</label>
<loc xlink:type="locator" xlink:href="5493007JS0ZHJVBUWP18-2024-12-31.xsd#obel_PrepaymentsOnInvestmentGrantsClassifiedAsInvestingActivities" xlink:label="loc_obel_PrepaymentsOnInvestmentGrantsClassifiedAsInvestingActivities" />
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_obel_PrepaymentsOnInvestmentGrantsClassifiedAsInvestingActivities" xml:lang="fr">Paiements anticipés sur les subventions d'investissement.</label>
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<loc xlink:type="locator" xlink:href="5493007JS0ZHJVBUWP18-2024-12-31.xsd#obel_AdjustmentsForIncreaseDecreaseInCustomerContractAssets" xlink:label="loc_obel_AdjustmentsForIncreaseDecreaseInCustomerContractAssets" />
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_obel_AdjustmentsForIncreaseDecreaseInCustomerContractAssets" xml:lang="fr">Variations des autres actifs liés aux contrats conclus avec des clients.</label>
<loc xlink:type="locator" xlink:href="5493007JS0ZHJVBUWP18-2024-12-31.xsd#obel_AdjustmentsForIncreaseDecreaseInCustomerContractLiabilities" xlink:label="loc_obel_AdjustmentsForIncreaseDecreaseInCustomerContractLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_obel_AdjustmentsForIncreaseDecreaseInCustomerContractLiabilities" xml:lang="fr">Variations du passif lié aux contrats conclus avec des clients</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_obel_AdjustmentsForIncreaseDecreaseInCustomerContractLiabilities" xml:lang="fr">Variations du passif lié aux contrats conclus avec des clients.</label>
<loc xlink:type="locator" xlink:href="5493007JS0ZHJVBUWP18-2024-12-31.xsd#obel_AdjustmentsForIncreaseDecreaseInOtherAssetsAndDecreaseIncreaseInOtherLiabilities" xlink:label="loc_obel_AdjustmentsForIncreaseDecreaseInOtherAssetsAndDecreaseIncreaseInOtherLiabilities" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_obel_AdjustmentsForIncreaseDecreaseInOtherAssetsAndDecreaseIncreaseInOtherLiabilities" xml:lang="fr">Variations des autres éléments d'actif et de passif</label>
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="lab_obel_AdjustmentsForIncreaseDecreaseInOtherAssetsAndDecreaseIncreaseInOtherLiabilities" xml:lang="fr">Variations des autres éléments d'actif et de passif</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_obel_AdjustmentsForIncreaseDecreaseInOtherAssetsAndDecreaseIncreaseInOtherLiabilities" xml:lang="fr">Variations des autres éléments d'actif et de passif.</label>
<loc xlink:type="locator" xlink:href="5493007JS0ZHJVBUWP18-2024-12-31.xsd#obel_AdjustmentsForDepreciationAndAmortisationExpenseRightOfUseAssets" xlink:label="loc_obel_AdjustmentsForDepreciationAndAmortisationExpenseRightOfUseAssets" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="lab_obel_AdjustmentsForDepreciationAndAmortisationExpenseRightOfUseAssets" xml:lang="fr">Dotations aux amortissements des droits d'utilisation</label>
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<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_obel_AdjustmentsForDepreciationAndAmortisationExpenseRightOfUseAssets" xml:lang="fr">Dotations aux amortissements des droits d'utilisation.</label>
<loc xlink:type="locator" xlink:href="5493007JS0ZHJVBUWP18-2024-12-31.xsd#obel_AdjustmentsForOperationalForeignExchangeAndDerivativesLossesGainsNet" xlink:label="loc_obel_AdjustmentsForOperationalForeignExchangeAndDerivativesLossesGainsNet" />
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<labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_obel_AdjustmentsForOperationalForeignExchangeAndDerivativesLossesGainsNet" xlink:to="lab_obel_AdjustmentsForOperationalForeignExchangeAndDerivativesLossesGainsNet" />
<label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="lab_obel_AdjustmentsForOperationalForeignExchangeAndDerivativesLossesGainsNet" xml:lang="fr">Écarts de change nets et instruments dérivés opérationnels.</label>
<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" />
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<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" xlink:label="loc_ifrs-full_IncomeTaxesPaidClassifiedAsOperatingActivities" />
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<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:label="loc_ifrs-full_InterestPaidClassifiedAsOperatingActivities" />
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<loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" />
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