orange negotiating acquisition of airtels african units
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice
Emiratesvoice, emirates voice
Last Updated : GMT 05:17:37
Emiratesvoice, emirates voice

Orange negotiating acquisition of Airtel's African units

Emiratesvoice, emirates voice

Emiratesvoice, emirates voice Orange negotiating acquisition of Airtel's African units

Orange
Paris - AFP

French telecom group Orange announced Monday it is in exclusive negotiations to purchase four African subsidiaries from India's biggest mobile company, Bharti Airtel.

"Orange and Airtel have entered into an exclusive agreement to explore the possible acquisition by Orange of Airtel's subsidiaries in Burkina Faso, Chad, Congo Brazzaville and Sierra Leone," the French group said in a statement.

Orange noted there was "no certainty of any binding agreement as a result of these discussions" currently underway with the Indian company's Netherlands-based affiliate, Bharti Airtel International.

The negotiations come as Orange president Stephane Richard pursues his drive to ramp up the telecom's development in Africa -- an effort that previously raised the possibility of the French group acquiring Bharti Airtel's African units last February.

At the end of 2014 Orange had 97.5 million clients in Africa and the Middle East, a regional customer base the company is looking to increase rapidly.

According to consultancy Deloitte, the number of smartphones in use in Africa is expected to double by 2017, fuelled primarily by increasing sales of low-cost handsets.

Active in 29 countries with 247 million clients, Orange is a major global telecoms player -- generating 39 billion euros ($42.2 billion) in sales last year, and employing 155,000 people worldwide.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

orange negotiating acquisition of airtels african units orange negotiating acquisition of airtels african units

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

orange negotiating acquisition of airtels african units orange negotiating acquisition of airtels african units

 



GMT 09:54 2018 Wednesday ,24 January

'Friendly and kind' N. Korean skaters

GMT 11:07 2017 Saturday ,14 October

Lufthansa to swallow lion's share

GMT 06:15 2018 Tuesday ,23 January

Volkswagen clinches record sales

GMT 05:17 2024 Wednesday ,07 February

Amazon to open first cashierless shop

GMT 05:04 2024 Tuesday ,06 February

Skincare PR Performance Full Year 2017

GMT 11:28 2015 Friday ,07 August

Rich countries could be at risk of worse flooding

GMT 05:29 2015 Wednesday ,22 July

Greenpeace: China air pollution levels fall

GMT 01:06 2015 Friday ,17 July

Major greenhouse gases hit record highs in 2014

GMT 11:56 2017 Thursday ,22 June

Algerian prime minister confident

GMT 10:48 2011 Friday ,14 October

Phones contaminated with bacteria

GMT 10:43 2017 Wednesday ,01 February

Clash leaves 24 militants dead in south Afghanistan

GMT 06:37 2017 Wednesday ,23 August

Salama denies tension with Interior Ministry

GMT 07:48 2017 Wednesday ,29 November

Bubble or brave new world? Bitcoin breaks $10,000 barrier
 
 Emirates Voice Facebook,emirates voice facebook  Emirates Voice Twitter,emirates voice twitter Emirates Voice Rss,emirates voice rss  Emirates Voice Youtube,emirates voice youtube  Emirates Voice Youtube,emirates voice youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

emiratesvoieen emiratesvoiceen emiratesvoiceen emiratesvoiceen
emiratesvoice emiratesvoice emiratesvoice
emiratesvoice
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
emiratesvoice, Emiratesvoice, Emiratesvoice