Orange interested in Bharti Airtel, MIC’s African assets?

5 Feb 2015

French telecoms giant Orange Group is reportedly exploring potential acquisitions of assets in Africa, including operations owned by India’s mobile provider Bharti Airtel and Luxembourg-based Millicom International Cellular (MIC), as the company seeks to strengthen its business on the continent, Bloomberg reports, citing people familiar with the matter. According to the unnamed sources, the group is allegedly considering a variety of options including takeovers and partnerships and has reportedly held on-and-off discussions with potential partners. Further, Orange is said to be moving ahead with a plan to group its emerging-market operations into a single unit – Orange Africa – in H1 2015, with an option to stage an initial public offering (IPO) of the African unit in the future.

TeleGeography notes that Orange Group is currently present in 17 African countries, with operations in Botswana, Cameroon, Ivory Coast, Egypt, Equatorial Guinea, Guinea-Bissau, Guinea Conakry, Kenya, Madagascar, Mali, Morocco, Mauritius, Niger, Central African Republic (CAR), Democratic Republic of Congo (DRC), Senegal and Tunisia.

France, Bharti Airtel, Millicom International Cellular (MIC), Orange Group