Orange is set to buy Millicom subsidiary Tigo DRC as it continues its acquisition spree in Africa and unveiled management changes across Europe.
Tigo DRC, the country’s second largest mobile operator, has over five million customers and doubled its turnover last year.
It offers products including fibre broadband and mobile financial services.
Orange has paid $160 million for the company, which it said was a “perfect fit” for its existing operations.
The France-based operator acquired Congo Chine Télécoms in 2011, which it subsequently renamed under the Orange brand.
Orange RDC had 4.3 million customers at the end of 2014.
The DRC is the second largest mobile market in Central and West Africa after Nigeria.
Last month, Orange failed in a bid to acquire Bharti Airtel’s assets in neighbouring Congo.
However, it did reach a deal with Airtel to buy its subsidiaries in Burkina Faso and Sierra Leone.
Orange also acquired Cellcom Liberia last month.
The company is chasing revenue and EBITDA growth in excess of 20 percent in Africa by 2018.
Meanwhile, Orange announced changes to its European leadership team.
Orange Polska CEO Bruno Duthoit moves to head up the operator’s Central European business.
He will be replaced by Orange Romania Jean-François Fallache.
Liudmila Climoc moves to Orange Moldova to replace Fallache, while Julien Ducarroz, CCO at Orange Romania, is given the CEO role in Moldova.
The changes will take place on 1 May.
Gervais Pellissier, Deputy Executive Director for Europe, said: “The Orange Group is proud to have such a world-class and successful management team in Europe.
“We are extremely happy to be able to announce [these] changes – the development of the existing team reinforces synergies between our operations across Europe.”
Source:orange.com
