General
France’s largest telecom operator, Orange, eyes Nigeria as possible new market
Orange, France’s largest telecom operator, believes it would benefit from having a wider footprint in Africa and will give itself a few months to make a possible move, Chief Executive Stephane Richard told Les Echos business newspaper.
“It could make sense to be in economies such as Nigeria and South Africa,” Richard was quoted as saying. “If one considers there are things to do, the time frame I am considering is rather a few months than a few years.”
Richard declined to comment on a possible interest in South Africa’s MTN Group Ltd.
The Middle East and Africa, where Orange has a presence in 18 countries, is the company’s fastest-growing market.
The region makes a large chunk of its revenues from payment transfers – a key part of the group’s diversification into financial services.
Orange said earlier this year it was bringing its operations in the Middle East and Africa into a single entity, paving the way for a potential listing of the operations that could raise cash to invest in overseas expansion.
Richard said Orange would also be looking at bolstering partnerships with health companies or institutions.
Reuters
-
News20 hours ago
Abuja school turns blind eyes to bullying – Lead British students
-
Metro19 hours ago
Oyo policeman kills NYSC member, wounds LAUTECH-graduate brother
-
Politics21 hours ago
Ex-deputy speaker, Ihedioha quits PDP
-
Metro19 hours ago
LAUTECH students union demands academic shutdown after police killing
-
Sports16 hours ago
Arsenal gun down Chelsea in North London derby humiliation
-
News22 hours ago
Bullying: Lead British School shut down three days
-
Metro21 hours ago
Actor Baba Ijesha appeals conviction
-
News17 hours ago
Abuja school bully apologizes after backlashes