Orange sells Niger unit to Zamani Com
Orange has completed its sale of Orange Niger to Zamani Com for an undisclosed sum.
The news follows the signing of an agreement between Orange MEA and the minority shareholders of Orange Niger in August of this year.
Africa and Middle East region has become a strategic priority for the Orange Group. Earlier this year, the company announces plans to build a new international backbone network in West Africa. The new infrastructure will be built around a terrestrial fibre network combined with subsea cables that will both benefit from centralised supervision. In addition, this multi-regional West African network will connect to the rest of the world through additional subsea cables and will link up all the main capital cities in the region such as Dakar, Bamako, Abidjan, Accra and Lagos.
It is only due to the current market conditions in Niger that has led Orange to make the decision sell, prioritising business continuity for the benefit of the company’s customers and protecting the interests of the women and men working at Orange Niger.
As the deal has been approved by the relevant authorities, Orange MEA completed the sale of its entire 95.5% stake in Orange Niger to Zamani Com.
Zamani Com is wholly owned by Mohamed Rissa of Rimbo Invest and Moctar Thiam of Greenline Communications, both minority shareholders of Orange Niger.
The company’s services will continue to be marketed under the Orange brand during its transitional period.