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Wireless

France Telecom signs acquisition of CCT

Friday 21 October 2011 | 09:10 CET | News
France Telecom-Orange has signed agreements with ZTE and the government of the Democratic Republic of Congo to acquire 100 percent of mobile operator Congo Chine Telecom (CCT). France Telecom will pay USD 10 million for ZTE's 51 percent stake and USD 7 million for the government's 49 percent stake. ZTE will continue to provide network and equipment to CCT with strategic financing from China Development Bank. CCT's operations will be financed from internally generated funds, restructured external loans and a total of USD 185 million as capital increase provided by France Telecom-Orange in

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Categories: Mobile & Wireless
Companies: France Telecom / Orange / ZTE Belgium
Countries: Congo, The Democratic Republic of the
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