Orange has continued its African expansion plan with the acquisition of mobile operator Tigo in the Democratic Republic of the Congo (DRC), less than three months after signing an agreement with Millicom.
The French company’s acquisition of Millicom’s operations, known as Tigo DRC, makes the company the second-largest telecommunications provider in Africa’s biggest French-speaking market, according to Jean-Michel Garrouteigt, managing director of Orange DRC.
The mobile market in the DRC is undergoing 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 percent 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.
“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,” Bruno Mettling, Deputy Chief Executive Officer of Orange in charge of Operations in Africa and the Middle East, said. “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.”
Orange’s acquisition of DRC illustrates the company’s development strategy in Africa where almost one in ten people are already customers. The Group aims to reinforce its positions as a leader in the countries in which it is present on the continent. Earlier in the month, it completed the acquisition of Cellcom, Liberia’s leading mobile operator.