Orange and Millicom have signed today an agreement under which the French telecom company will acquire Tigo DRC, Millicom’s operations in the DRC.
The Transaction is still subject to obtaining approvals from the competent authorities.
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.
This acquisition underlines Orange’s strategy in Africa which aims at developing and maintaining leading competitive positions across the various countries where the French multinational operates accross this continent.
Through this deal, Orange would reinforce significantly its presence in the DRC, becoming one of the leading mobile operators in the country. The operation is profitable for Orange in terms of synergies.
Image over the headline.- Stéphane Richard, Chairman and Chief Executive Officer, Orange. © Antonin Bourgeaud (Havas) for Orange.
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