According to Bloomberg, the French operator is in the early stages of considering a separation of its African assets. The IPO may also include its Middle East assets.
Orange’s African and Middle East business covers 18 markets, with sales in the region rising by 9% in the last quarter to $1.4 billion.
In April, the company was rumoured to have put its Kenyan subsidiary up for sale, following a month-long review of its operations in the country. This was denied by the company later that month and an expansion of its national 3G network was subsequently announced.
