Orange To Buy Airtel's Subsidiaries In Burkina Faso And Sierra Leone

(RTTNews) - Orange (ORAN) and Bharti Airtel International (Netherlands) BV have signed an agreement leading to Orange's acquisition of Airtel's operations in Burkina Faso and Sierra Leone.

Orange will acquire 100% of the two companies' share capital. The consolidated revenue of the two companies is around 275 million euros. These acquisitions will be implemented in partnership with Orange's subsidiaries in the Côte d'Ivoire and Senegal.

Through this deal, Orange will reinforce its presence in Africa with two additional countries, adding almost 5.5 million customers to its mobile customer base. This acquisition marks an important step forward in Orange's dynamic growth strategy and will bring the Group's African footprint up to 20 countries in 2016.