Orange has completed the acquisition of 100% of the mobile operator Tigo in the Democratic Republic of the Congo (DRC). The company seems to be on a massive acquisition spree, and has already added Cellcom, Lexci, and many more.
The mobile market in the DRC is said to be the largest mobile market in Central and West Africa, after Nigeria. With a population of more than 80 million people and a relatively low mobile penetration rate of 50% of the population, the country offers considerable growth potential for Orange.
Bruno Mettling, deputy chief executive officer of Orange in charge of Operations in Africa and the Middle East, said: “We are extremely happy to announce the completion of the acquisition of Tigo by Orange DRC in a market marked by very strong growth potential. Through this strategic investment, Orange confirms its ambition to reinforce its presence in the Democratic Republic of the Congo and accelerate the conditions in which it can develop its services through this consolidation.”