Orange has agreed to acquire Cellcom Liberia from Cellcom Telecommunications Limited.
Orange will buy Cellcom Liberia operator via its subsidiary Orange Côte d’Ivoire.
Cellcom Liberia is Liberia’s biggest mobile operator by subscriber numbers, according to figures from October 2015.
Orange said that will provide its “marketing expertise and world-class technical capability” to strengthen Cellcom Liberia, enhance services to consumers and contribute to the economic growth of Liberia.
“Cellcom’s founders and employees will remain involved in the business to ensure a smooth integration, support performance and continue long-standing relations with the government of Liberia,” Orange said in a statement.
This acquisition is part of the international development strategy of Orange, which aims to accelerate its growth by entering new emerging markets with high potential. This will enable Orange to strengthen its positions in Africa, which is a strategic priority for the group.
Liberia is a country of over 4.3 million inhabitants, with a mobile penetration rate of 66%, lower than in many neighbouring countries.
“With a national mobile licence and its significant market share in the country in number of subscribers, Cellcom has excellent potential for growth over the coming years,” Orange said in a statement.
The completion of the transaction remains subject to approval by the competent authorities.