Orange Cote d’Ivoire secures USD117 million funding

30 Sep 2019

Orange Cote d’Ivoire has signed a five-year financing agreement worth XOF70 billion (USD117 million) with a group of five banks. The revolving credit agreement involves BICICI (BNP Paribas Group), SGCI, SIB, NSIA Bank and CITIBANK, with BICICI providing half of the funding. The telco says it will use the funds mainly to upgrade its fibre-optic networks to support the expansion of 4G mobile services. In June this year Orange Cote d’Ivoire’s managing director Mamadou Bamba revealed that the firm planned to invest XOF180 billion over the next two years to improve and expand its networks and services. The French-owned telco is the largest fixed and mobile operator in Cote d’Ivoire.

Côte d'Ivoire, Orange Cote d'Ivoire (incl. CI-Telecom)