Orange Madagascar minority investors sell 16% stake

Thursday 4 February 2021 | 10:29 CET | News
A consortium of minority investors led by Terra Mauricia and Kibo Fund divested its 16 percent stake in Orange Madagascar in January, after ten years supporting Orange's growth on the Malagasy market, ITWeb reported. Enexus Finance, an investment banking firm specialising in middle-market transactions in Africa and financial advisor in the transaction, said  Orange is the earliest operator in the Malagasy telecommunications market.

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Categories: Mobile & Wireless
Companies: Orange Madagascar
Countries: Madagascar
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