The French telecom group Orange, currently in negotiations with the Indian telecom group Bharit Airtel for the acquisition of its subsidiaries in Burkina Faso, Congo, Chad (pictured), and Sierra Leone, would like the sale operation to be concluded by 4th quarter 2015.
The information was disclosed by the spokesperson of Orange, indicated the news website Mobile World Live. According to the source of Mobile World Live, Burkina Faso, Congo, Chad and Sierra Leone “will seamlessly make complete the presence of Orange in this region, and we believe this could result in a lot of synergy (…) This buying proposal is perfectly in line with the Orange strategy to continue growing in Africa and we believe the acquisition of these four operators represents a real asset for Orange.”
Orange currently operates in ten countries in Western Africa and has no direct presence in the four markets where Airtel wants to sell its operations. The four subsidiaries of Airtel, leader or holding the second position in their respective markets, represent nine million consumers and an added profit of €600 million per year.
• Ivory Coast is said to be negotiating a €800M syndicated loan with Standard Chartered and Soc...
• New system will link banks, fintechs, and mobile operators in a single platform• Real-time transfe...
Located on the southeastern coast of Zanzibar, Jambiani is a coastal village that captivates visitor...
MTN Uganda, MTN Mobile Money and the Uganda Hotel Owners Association signed an MoU on 1 August 202...
Liberia and Sierra Leone began free roaming this week Côte d’Ivoire–Liberia agreement expecte...
Backed by the Texaf Group, Silikin Village has, in just five years, become a key player in Kinshasa’s entrepreneurial ecosystem, offering 9,500 m² of...
Abdul Samad Rabiu is now the richest investor on NGX, with ₦15.23 Trillion in BUA Foods and Cement, surpassing Dangote. Aliko Dangote’s NGX wealth is...
Starlink lost 2,000 Kenyan users in Q1 2025, dropping to 17,066, as local ISPs grew 8%. High costs and 47 Mbps speeds drove users to cheaper,...
• Cameroon processed 109,431 tons of cocoa in 2024-2025, up 27.7% from 89,672 tons.• National cocoa output hit 309,518 tons, with 35% processed...
In the heart of the Malian city of Djenné, the world’s largest mud-brick building dominates the skyline: the Great Mosque. First built in the 13th...
• Tekken unveils "Miary Zo," a Malagasy female fighter who practices Moraingy, a traditional martial art.• She is the second African character in the...