Orange completes Tigo acquisition in DRC
Less than three months after signing an agreement with Millicom, Orange announced today that it has completed the acquisition of 100% of the mobile operator Tigo in the Democratic Republic of the Congo (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% 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.
Commenting on this agreement, Bruno Mettling, Deputy Chief Executive Officer of Orange in charge of Operations in Africa and the Middle East, said: “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. 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.”
This acquisition illustrates Orange’s development strategy in Africa where almost one in ten people are already customers. In this zone, the Group aims to reinforce its positions as a leader in the countries in which it is present.