Orange to acquire Millicom’s subsidiary in the DRC

A new pan-African service between Orange and Ecobank will enable users who hold accounts with both companies to transfer money between themMobile network operators Orange and Millicom have signed an agreement leading to Orange’s acquisition of Millicom’s operations in the DRC.

As reported  by Appsafrica.com last month Orange announced expansion into a number of other African markets acquiring the leading mobile operator in Liberia and the acquisition of Airtel’s operations in Burkina Faso and Sierra Leone.

The mobile market in the DRC is undergoing significant growth and is currently the largest mobile market in Central and West Africa after Nigeria with more than 40 million subscribers. Tigo DRC is a perfect fit for Orange given the complementarity of their operations both from a geographical and cultural standpoint.

Through this deal, Orange would reinforce significantly its presence in the DRC, hence becoming one of the leading mobile operators in the country and will create positive synergies.

This acquisition underlines Orange’s strategy in Africa which aims at developing and maintaining leading competitive positions across its various countries of operations on the continent.

The Transaction is subject to obtaining approvals from the competent authorities.

Appsafrica Advisory is a private consultancy service providing expert insight helping to build strategy, drive expansion and support operations for companies entering or expanding in Sub-Saharan Africa.

Advertisements