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Orange mulls bid for some Millicom assets in Africa - report

Monday 30 May 2016 | 09:50 CET | News
Orange has kicked off informal talks with Millicom International to buy some of the company's operations in Africa, Bloomberg reported citing two people familiar with the matter. Orange is reportedly seeking to buy Millicom's operations in Senegal, Ghana and Chad. The French group is also looking for new opportunities in East Africa after agreeing to sell its 70 percent stake in Orange Kenya to Helios Investments in November 2015, one of the people said. Millicom is said to be looking to discard its assets in West and Central Africa.

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Categories: Mobile & Wireless
Companies: Millicom / Orange / Orange Kenya
Countries: Africa
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