Fiic TV

…your premium business tv

Orange Considers Nigeria, South Africa as possible new markets

Spread the News

France’s largest telecom operator Orange believes it would benefit from having a wider footprint in Africa and will give itself some couple 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 said. “If one considers there are things to do, the time frame I am considering is rather a few months than a few years.”

ALSO READ: Lagos Offering Incentives to Businesses – Sanwo-olu

Richard, according to the report declined to comment on 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.

Spread the News
Would love your thoughts, please comment.x
Enable Notifications    Ok No thanks