Orange, Airtel in talks on acquisitions

Orange and Bharti Airtel International (Netherlands) BV, a subsidiary of Bharti Airtel Limited,  have announced that they have entered into an exclusive agreement to explore the possible acquisition by Orange of Airtel’s subsidiaries in Burkina Faso, Chad, Congo Brazzaville and Sierra Leone.

A brief statement released by Orange read: “There is no certainty of any binding agreement as a result of these discussions.”

Orange, with a presence in 19 countries across MEA, is actively seeking expansion in Africa.

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