Orange to acquire Millicom's subsidiary in DRC
08 February 2016 |
Orange has signed an agreement to acquire Millicom’s subsidiary in the Democratic Republic of Congo (DRC).
The deal, subject to regulatory approvals, is part of the operator’s strategy in Africa to develop and maintain its position across countries of operations in the region.
“Through this deal, Orange would reinforce significantly its presence in the DRC, hence becoming one of the leading mobile operators in the country and will create positive synergies,” said the company.
According to the operator, the mobile market in the DRC is undergoing strong growth and is said to be the largest mobile market in Central and West Africa – after Nigeria – with over 40 million subscribers. In particular, Orange noted that Tigo DRC is a “perfect fit" for their operations geographically and culturally.
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