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The Orange Mobile light indicates the strength of the received backup 4G signal. The 4G backup is throttled to 6 Mbps down and 1 Mbps up. Even if modem is in 4G backup you should still be able to attain these speeds. If modem is normal mode (front light green Gen 2 modem or Online light green Gen 1 and 1.1 modem) the Orange light will not cause a reduction in speed.
What type of connection do you have (ADSL, FTTN. FTTC etc) and what speed are you getting?