AfricaCom 2019 to feature new AfricaTech Centre Stage

Tech takes
centre stage

New feature at
AfricaCom 2019.

Thursday, Sep 19th

More countries Congo (DRC)

Orange completes Tigo DRC acquisition

Orange completes Tigo DRC acquisition.

Less than three months after signing an agreement with Millicom, Orange has announced it has completed the acquisition of 100% of the mobile operator Tigo in the Democratic Republic of the Congo (DRC).

According to Orange the DRC's mobile market is experiencing significant growth and is currently 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. The consolidation of Orange's and Tigo's operations in the DRC will enable Orange to strengthen its presence in the country," said Orange in a statement released today.

Commenting on this agreement, 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."

In February Orange described Tigo DRC as "a perfect fit" from a geographical and cultural standpoint.

At the time Millicom confirmed the deal and said it will sell 100% of the share capital in Oasis SA for a total cash consideration of US$160-million.

ALSO ON ITWEB AFRICA

Business support systems and 5G Published on 20 August 2019

BSS providers will play a key role in helping drive communication innovations in the future says Hassen Hamza, Pre-Sales & Business Development Director, MEA, at Nexign.

Sweeping changes to management at MTN's Africa operations Published on 10 September 2019

Changes in Zambia, Rwanda and Ivory Coast.

P&G, National Geographic and Global Citizen Launch Groundbreaking Series, ACTIVATE: THE GLOBAL CITIZEN MOVEMENT To Drive Action Around Poverty, Inequality and Sustainability Published on 06 September 2019

Six-Part Docuseries Draws Attention to Critical World Issues With Activists Including Hugh Jackman, Pharrell Williams, Common, Usher, Rachel Brosnahan, Gayle King, Bonang Matheba, Darren Criss, Uzo Aduba, Becky G and Priyanka Chopra Jonas Series Premieres in the U.S. September 5 at 10/9c on National Geographic

Sage 300 People positions Swift Group for growth Published on 19 September 2019

AWCape was appointed by Swift Holdings Group to supply and implement Sage 300 People.