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Airtel to sell 2 African operations to Orange

22/01/2016

Business Standard

French telecom major Orange has signed a deal with Bharti Airtel International (Netherlands) BV for acquiring its operations in two African countries, Burkina Faso and Sierra Leone. Orange will acquire all the two companies’ share capital. The consolidated yearly revenue of the two is about 275 million, according to a statement from Bharti Airtel. These acquisitions will be implemented in partnership with Orange’s subsidiaries in Côte d’Ivoire and Senegal, and will add 5.5 million new customers to Orange’s subscriber base.

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