Thursday, April 7, 2016 11:15 am
Orange, the French telecom has announced that it has completed the acquisition of 100% of Cellcom, Liberia’s leading mobile operator(1), through its subsidiary Orange Côte d’Ivoire.
Less than three months after signing the agreement with Cellcom Telecommunications Limited for the acquisition of its Liberian subsidiary, Orange has obtained all the official approbations necessary to complete the transaction. Cellcom Liberia has 1.4 million customers.
Liberia will now become the 20th country in Africa and the Middle East to join the Orange group.
With a population of 4.3 million people and relatively low mobile penetration rate (66% of the population), the country has a high-growth potential for Orange.