Orange sells Uganda business to Africell

Monday 19 May 2014 | 09:09 CET | News
Orange Group announced that it signed an agreement with Africell Holding for the sale of its majority stake in Orange Uganda. The transaction is subject to approval from the relevant authorities. It will enable the company in Uganda to continue its development, while seeing Orange exit a highly competitive market. Orange Uganda, which was created in 2008, is the third telecoms operator in Uganda and had 620,000 clients at the end of 2013. Africall is already active in Gambia, DRC and Sierra Leone and said it aims to add at least one more country before the end of 2015. No financial details of

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Categories: Mobile & Wireless
Companies: Africell / Orange / Orange Uganda
Countries: Uganda
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