Orange announced today that it has completed the acquisition of 100% of Cellcom, Liberia’s leading mobile operator through its subsidiary Orange Côte d’Ivoire. Less than 3 months after signing the agreement with Cellcom Telecommunications Limited for the acquisition of its Liberian subsidiary, Orange has obtained all the official approbations necessary to complete the transaction.
Cellcom Liberia with 1.4 million customers will now become the 20th country in Africa and the Middle East to join the Orange group. With a population of 4.3 million people and relatively low mobile penetration rate (66% of the population), the country has a high-growth potential for Orange.
Over the next few months, Liberian customers will benefit from the arrival of Orange, one of Africa’s leading players in the telecoms’ industry. Orange will provide its marketing expertise and world-class technical capability to further strengthen the operator’s established network and enhance customer service.
This acquisition is part of the international development strategy of Orange, which aims to accelerate growth by entering new emerging markets with high potential. This will enable Orange to strengthen its positions in Africa, where almost 1 in 10 people are already customers.
On January 27, 2021, Techpoint Africa will be hosting the brightest minds in decentralised finance/crypto at the Digital Currency Summit tagged “Building the money of the future” Click here for more details, registration and sponsorship.
Report: Millionaire West African startups” raised over $1.806 billion between 2010 and 2019, 97.9% of which went to Nigerian startups. Get a free overview and 50% purchase discount here.
Listen to Built in Africa, a podcast by Techpoint Africa
I love telling stories using text, pictures and videos. It’s all about the little details.