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In the DRC French telecom giant, Orange, acquires Tigo

From a geographical and cultural standpoint, Tigo DRC should be a perfect fit for Orange given the complementarity of both their operations.

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A woman walks past an Orange shop in Madrid, September 16, 2014. REUTERS/Andrea Comas play A woman walks past an Orange shop in Madrid, September 16, 2014. REUTERS/Andrea Comas (Reuters)

According to media reports, French tech giant,  Orange and Congo's Millicom have signed an agreement today, leading to Orange’s acquisition of Millicom’s operations in the DRC (“Tigo 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 more than 40 million subscribers, according to an Innovation Village report.

From a geographical and cultural standpoint, Tigo DRC should be a perfect fit for Orange given the complementarity of both their operations.

President of the DRC, Joseph Kabila play

President of the DRC, Joseph Kabila

(portalangop)
 

READ: Social gaming company to open office in Nigeria

Through this deal, Orange would significantly reinforce its presence in the DRC, thereby becoming one of the leading mobile operators in the country.

This acquisition highlights Orange’s strategy in Africa which is to develop and maintain leading competitive positions across its various countries of operations on the continent.

The acquisition and everything that has to do with the deal are subject to approvals from the relevant authorities in the DRC.

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