Orange completes acquisition of mobile operator Airtel in Sierra Leone
Airtel is the leading mobile operator in Sierra Leone with over 1.3 million customers
PARIS, France, July 19, 2016 Orange (www.Orange.com) announces today that, together with its Senegal-based partner Sonatel, it has completed the acquisition of 100% of the mobile operator Airtel in Sierra Leone. Since the signature of an agreement with Bharti Airtel International (Netherlands) BV (“Airtel”) in January 2016, Orange has obtained all the official approbations necessary to complete this transaction.
Airtel is the leading mobile operator in Sierra Leone with over 1.3 million customers (on the basis of active customers within a 30-day period) for a total population of 6.3 million people. With a mobile penetration of around 50% of the population, Sierra Leone offers considerable growth potential, particularly at a time when significant investments are underway to extend the operator’s 3G network. This network, which already offers good coverage in Freetown and other major towns in Sierra Leone, is set to provide internet access to customers living outside major urban areas.
The investments planned in the coming years will enable customers in Sierra Leone to benefit from the support of the Sonatel group and take advantage of the Orange group’s expertise and momentum in terms of innovation and development of the digital ecosystem. Following the recent launch of operations in Liberia and Burkina Faso, Sierra Leone becomes the 21st country in Africa and the Middle East to join the Orange group.
Bruno Mettling, Deputy Chief Executive Officer of the Orange group and Chairman & CEO of Orange MEA (Middle East and Africa), stated: “We are pleased to announce that the acquisition of the mobile operator Airtel in Sierra Leone has been finalised. This new acquisition, which will be consolidated by Sonatel, will further strengthen Orange’s strategic position on the African continent.”
Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).