Orange is acquiring assets in Francophone Africa, regrouping its mobile network operations as well as its device business.
The firm has said it has completed the acquisition of 100% of the mobile operator Tigo in the Democratic Republic of the Congo (DRC), one of the largest mobile market in Central and West Africa, after Nigeria.
With a population of more than 80 million people and a relatively low mobile penetration rate of 50% of the population, the country offers considerable growth potential for Orange. The consolidation of Orange’s and Tigo’s operations in the DRC will enable Orange to strengthen its presence in the country.
In a statement, Bruno Mettling, Deputy Chief Executive Officer of Orange in charge of Operations in Africa and the Middle East, said: “ Through this strategic investment, Orange confirms its ambition to reinforce its presence in the Democratic Republic of the Congo and accelerate the conditions in which it can develop its services through this consolidation.”
Less than three months after signing an agreement with Millicom and illustrates Orange’s development strategy in Africa where almost one in ten people are already customers. Despite its new Francophone Africa strategy, Orange has not been successful in East Africa and has been selling its mobile business to other players. In Kenya, the firm sold out to Helios Investment a few months ago but it seems to the Group aims to reinforce its positions as a leader in the French-speaking countries in Africa.