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Orange sells Uganda business to Africell
2014-05-19 09:09:00| Telecompaper Headlines
(Telecompaper) Orange Group announced that it signed an agreement with Africell Holding for the sale of its majority stake in Orange Uganda. The transaction is subject to approval from the relevant authorities. It will enable the company in Uganda to continue its development, while seeing Orange exit a highly competitive market. Orange Uganda, which was created in 2008, is the third telecoms operator in Uganda and had 620,000 clients at the end of 2013. Africall is already active in Gambia, DRC and Sierra Leone. No financial details of the takeover were disclosed.
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Category:Telecommunications