Telecom

Telecel RCA and Rimbo Holdings retained for the last run in Orange Niger’s take-over

Telecel RCA and Rimbo Holdings retained for the last run in Orange Niger’s take-over
Monday, 10 June 2019 19:05

Out of the five operators that were in the competition to acquire financially-strapped operator Orange Niger, only Telecel Centrafrique and Rimbo Holdings remain in the race. Maroc Telecom, MTN and Vodafone are now out.

According to Confidentiel Afrique, Telecel RCA was the favourite with its offer deemed the best while Rimbo Holdings gained the stand with its interesting social plan that guarantees the current Orange Niger’s employees.

The media reports that the current Orange Niger’s managing director Dominique Aubert has a high preference for Rimbo Holdings whose founder is Rhissa Mohamed, a member of Orange Niger’s administrative board. The final decision should be known by shareholders and strategic partners by June 12, 2019.  

Orange’s withdrawal from Niger is the result of poor financial performances recorded by the operator in the last two years. These performances compelled it to launch a preventive settlement proceeding on 20 February 2019. In its 2018 financial report, Orange revealed that due to the uncertain political and economic environment as well as strong fiscal pressure, its Nigerien subsidiary recorded €52 million and €43 million depreciation of its fixed assets in 2017 and 2018 respectively.

On the same topic
Reform targets fragmented rules slowing network deployment Government aims to boost investment in broadband and 5G Changes seek to lower costs and...
Vivo signed a financing agreement with Credit Direct to boost smartphone sales in Nigeria through installment payments. Customers will pay 20% upfront...
Morocco aims to connect 5.6 million households to fiber and achieve 85% 5G population coverage by 2030. Telecom operators plan to invest...
Ivory Coast increased the number of courts connected to its e-justice platform to 28. Authorities aim to standardize service speed and security across...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...

AFC Backs First Green Project Finance Bond for 66MW Côte d’Ivoire Solar Plant
04

Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...

Cameroon Presses Telecom Operators on Service Quality as Complaints Rise
05

MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...

MTN Ghana tightens controls on mobile money agents over fraud concerns
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.