Orange set to acquire Cellcom Liberia

French group sees “excellent potential for growth” in Liberia
Orange is optimistic about growth potential in Africa.
Orange is optimistic about growth potential in Africa.

Share

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.

 

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story