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Orange buys Airtel operations in Burkina Faso, Sierra Leone

2016-01-13 09:09:00| Telecompaper Headlines

(Telecompaper) Orange is continuing its acquisition drive in Africa and has agreed to acquire Bharti Airtel's operations in Burkina Faso and Sierra Leone. Orange will acquire 100 percent of the two companies, which generate annual revenue of around EUR 275 million. The purchase price is equal to around 7.9 times their annual EBITDA. The acquisitions will be implemented in partnership with Orange's subsidiaries in Cote d'Ivoire and Senegal and are still dependent on local regulatory approval. The takeover adds another two countries to Orange's African footprint, taking it to a total 20, as well as almost 5.5 million subscribers.

Tags: operations orange sierra leone

Orange buys Airtel's Burkina Faso, Sierra Leone units

2016-01-13 01:00:00| Total Telecom industry news

French incumbent adds two more countries and 5.5 million subscribers to its mobile customer base.

Tags: orange units sierra leone

Orange CEO sees 50-50 chance of clinching Bouygues deal

2016-01-12 15:15:00| Telecompaper Headlines

(Telecompaper) Orange has a 50-50 chance of completing a Bouygues Telecom acquisition, according to Orange chairman and CEO Stephane Richard, speaking at the company's traditional new year event. Les Echos writes that Richard also said that Martin Bouygues initiated the latest round of talks after Orange first approached him in 2014. Richard also said that prices would not change dramatically in an environment with three rather than four operators.

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Orange signs agreement to buy Cellcom Liberia

2016-01-12 10:09:00| Telecompaper Headlines

(Telecompaper) Orange has entered into a firm agreement to acquire Cellcom Telecommunications through Orange Cote d'Ivoire. The acquisition is part of Orange's international development strategy, seeking to accelerate growth by entering new emerging markets with high potential. Cellcom's founders and employees will remain involved in the business to ensure a smooth integration, support performance and continue long-standing relations with the government. A reinforced presence in Africa is a strategic priority for the group.

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