French telco paints Africa orange

Orange aims for growth in AfricaTINTSWALO BALOYI
JOHANNESBURG, (CAJ News) – ORANGE’S acquisition of an entire stake Airtel’s Burkina Faso entity has augmented its footprint in the continent.

Late Wednesday, the French multinational telecommunications corporation announced together with its subsidiary Orange Côte d’Ivoire, completed the acquisition of 100 percent of the operator in the West African country.

Since the signature of an agreement with Bharti Airtel International (Netherlands) BV (“Airtel”) in January 2016, Orange has obtained all the official approbations necessary to complete this transaction.

“ This new acquisition will further strengthen the Group’s positions on the African continent,” says Bruno Mettling, Deputy Chief Executive Officer of the Orange group and Chairman and Chief Executive of Orange Middle East and Africa.

Airtel is the second largest mobile operator in Burkina Faso, with close to 4,6 million customers.

On the mobile financial services market, Airtel is the uncontested leader and is already interoperable with Orange Money in neighbouring countries allowing international transfers to be made.

Airtel is also positioned as the country’s leading Internet provider thanks to its extensive 3,75G network, which has been rolled out in over 100 towns.

With 18 million inhabitants and a relatively high mobile penetration rate for the region (80 percent of the population), Burkina Faso becomes the 20th country in Africa and the Middle East to join the Orange group.

Orange’s investments in the coming years will enable customers in Burkina Faso to take advantage of the Orange group’s expertise and momentum in terms of innovation and development of the digital ecosystem, thus responding to a strong expectation from customers in Burkina Faso.

Analysts said this acquisition in one of the countries with the strongest growth rates in the Economic Community of West African States strengthened Orange’s presence in Africa by confirming is proactive strategy in the African market.

– CAJ News

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Posted by on Jun 23 2016. Filed under Africa & World, Broadband, Featured, Finance, Investing, Mobile & Telecoms, National, Regional, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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