Orange will acquire 100% of the mobile operator Cellcom Liberia
Orange today announced it has entered into a firm agreement with Cellcom Telecommunications Limited
PARIS, France, January 12, 2016 – Orange (www.Orange.com) today announced it has entered into a firm agreement with Cellcom Telecommunications Limited to acquire, through its subsidiary Orange Côte d’Ivoire, 100% of Cellcom’s Liberia subsidiary, the leading mobile operator* in Liberia, with the strongest market commercial momentum.
Orange will provide its marketing expertise and world-class technical capability to further strengthen the network operator, enhance services to consumers and contribute to the economic growth of Liberia. Cellcom’s founders and employees will remain involved in the business to ensure a smooth integration, support performance and continue long-standing relations with the Government of Liberia.
This acquisition is part of the international development strategy of Orange, which aims to accelerate its growth by entering new emerging markets with high potential. This will enable Orange to strengthen its positions in Africa, which is a strategic priority for the Group.
Liberia is a country of over 4.3 million inhabitants, with a mobile penetration rate of 66%, lower than in many neighbouring countries. With a national mobile license and its significant market share in the country in number of subscribers, Cellcom has excellent potential for growth over the coming years.
The completion of the transaction remains subject to approval by the competent authorities.
*Number of subscribers end of October 2015
Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).