Orange Group seeking further acquisitions in Africa

6 Feb 2017

French telecoms giant Orange Group is seeking acquisition deals in Africa, as the company is looking into ways of expanding its revenue growth, Bloomberg reports citing a company official. Yannick Decaux, Orange’s commercial director for Africa, said in an interview: ‘We are looking for acquisition opportunities in Africa, it is a priority region for us … We are speaking to everyone.’ The French company currently has operations in 21 countries in the Africa and Middle East region, with its latest acquisitions being the takeovers of Airtel Burkina Faso (finalised in June 2016), Airtel Sierra Leone (July 2016) and Tigo DRC (September 2016). In particular, several of Bharti Airtel’s African subsidiaries could be a possible takeover target for the French operator; as reported by TeleGeography’s CommsUpdate last month, Indian telco Bharti Airtel is said to be considering mergers or stake sales as part of its ongoing effort to cut back its roughly USD12 billion debt profile. ‘We will speak to Bharti Airtel on a case-by-case basis,’ Decaux said, adding that the Paris-based company however, has no plans to acquire a business in South Africa.

France, Bharti Airtel, Orange Group