Orange Group closer to finalising sale of wireless towers in Egypt

16 May 2014

Orange Group has reportedly confirmed that its Egyptian unit MobiNil is ‘well advanced’ with plans to sell off some of its wireless towers. According to Bloomberg, citing Sebastien Audra, a spokesman for the Paris-based company, negotiations related to the infrastructure divestment are moving in to the final stages. Orange has not, however, made public information regarding potential buyers, nor has it confirmed how many towers are actually being sold.

TeleGeography’s CommsUpdate reported earlier this month that MobiNil was close to completing a deal to sell off mobile towers, with three parties understood to have been in negotiations with the cellco for the infrastructure, and with two rounds of bidding said to have taken place. Among the prospective buyers, Accelero Capital and Ashmore Group had previously been named, though reports earlier in the month again failed to confirm the identities of the parties involved in the potential deal.

Egypt, Orange Egypt, Orange Group