orange negotiating acquisition of airtels african units
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Orange negotiating acquisition of Airtel's African units

Arab Today, arab today

Arab Today, arab today Orange negotiating acquisition of Airtel's African units

Orange
Paris - AFP

French telecom group Orange announced Monday it is in exclusive negotiations to purchase four African subsidiaries from India's biggest mobile company, Bharti Airtel.

"Orange and Airtel have entered into an exclusive agreement to explore the possible acquisition by Orange of Airtel's subsidiaries in Burkina Faso, Chad, Congo Brazzaville and Sierra Leone," the French group said in a statement.

Orange noted there was "no certainty of any binding agreement as a result of these discussions" currently underway with the Indian company's Netherlands-based affiliate, Bharti Airtel International.

The negotiations come as Orange president Stephane Richard pursues his drive to ramp up the telecom's development in Africa -- an effort that previously raised the possibility of the French group acquiring Bharti Airtel's African units last February.

At the end of 2014 Orange had 97.5 million clients in Africa and the Middle East, a regional customer base the company is looking to increase rapidly.

According to consultancy Deloitte, the number of smartphones in use in Africa is expected to double by 2017, fuelled primarily by increasing sales of low-cost handsets.

Active in 29 countries with 247 million clients, Orange is a major global telecoms player -- generating 39 billion euros ($42.2 billion) in sales last year, and employing 155,000 people worldwide.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

orange negotiating acquisition of airtels african units orange negotiating acquisition of airtels african units

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

orange negotiating acquisition of airtels african units orange negotiating acquisition of airtels african units

 



GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design

GMT 12:11 2017 Saturday ,04 November

What next in the Catalan crisis?

GMT 01:01 2016 Thursday ,16 June

Video game giant Ubisoft thinking young at age 30

GMT 17:57 2017 Friday ,08 December

Jordanian government pledges to resume reforms

GMT 11:49 2017 Tuesday ,21 March

Security guard denies All Blacks 'bugging' charge

GMT 10:55 2017 Saturday ,14 January

Governments grapple with globalisation backlash

GMT 13:13 2018 Tuesday ,16 January

Al Maalouf: To stop waste, curb corruption

GMT 13:36 2017 Friday ,22 December

Iraqi troops killed six ISIS militants in Mousl
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday