35.1 C
Abuja
Saturday, January 25, 2020

France Telecom giant Orange snaps up Liberian mobile operator Cellcom

French telecommunications group Orange said Tuesday it had reached an agreement to buy 100 percent of Cellcom, Liberia’s number two mobile operator, for an undisclosed amount.

The acquisition “will enable Orange to strengthen its positions in Africa, which is a strategic priority for the Group”, it said in a statement.

Orange noted that the Liberian market had room for expansion as only two-thirds of the population own a mobile phone, a lower rate than in other countries in West Africa.

With a considerable number of subscribers already, “Cellcom has excellent potential for growth over the coming years”, said Orange.

The company’s founders and employees will remain involved in the business to support its performance, Orange said, and it would contribute marketing and technical expertise to further strengthen the network operator.

– AFP

Leave a Reply

Leave a Reply

Leave a Reply

Latest News

Rwandan opposition figures jailed for 7-12 years for ‘conspiracy’

Six Rwandan opposition figures have been jailed for seven to 12 years after being convicted of forming an illegal armed group and conspiring against...

Guinea’s Conde poised for referendum date despite protests

Guinea's President Alpha Conde is set to hold a constitutional referendum next month, government sources said, despite protests led by an opposition alliance fearful...

Opposition radio station in Benin rep. sacks all staff after govt revoke license

A radio station in Benin belonging to an exiled opponent of President Patrice Talon has sacked all its staff after authorities stopped it from...

Estranged wife of Zimbabwe VP gains custody of their 3 children

Zimbabwe vice president Constantino Chiwenga's estranged wife, Marry Mubaiwa, gained custody of the couple's three children on Friday last week, as part of an...

Trump set to become 1st US president to attend anti-abortion March for Life

Donald Trump set to attend the March for Life rally Friday, thus becoming first president ever to address in-person America's biggest gathering of anti-abortion...

Isabel dos Santos plans to sue Angolan government

Africa's richest woman,  and daughter of Angola former president, Isabel dos Santos, has denied fraud and may have concluded plans to sue the Angolan...

Nigeria international Victor Moses joins Inter Milan on loan from Chelsea

Victor Moses has signed for Inter Milan on loan from Chelsea, the Serie A club announced on Thursday, reuniting the Nigeria international with former...

Libya’s neighbours decry foreign interference in crisis-hit country

Libya's neighbours on Thursday denounced foreign interference in the conflict-hit North African country, at talks in Algiers to seek a political solution to a...

Tanzania’s Magufuli fires home affairs minister over $453m dodgy contract

Tanzanian President John Magufuli fired his home affairs minister Kangi Lugola on Thursday, accusing him of mismanaging a 408 million euro ($453 million) fire...

Six Malian soldiers killed, more wounded in overnight attack

Six soldiers were killed and several were wounded in an overnight attack in central Mali, the army said Thursday, in fresh violence in the...

More Articles Like This

- Advertisement -
%d bloggers like this: