Orange and Bharti Airtel enter an exclusive agreement concerning 4 Airtel subsidiaries in Africa

Proshare

Monday, July 20, 2015 7:25 PM / APO

 

 

Orange and Airtel have entered into an exclusive agreement to explore the possible acquisition by Orange of Airtel’s subsidiaries in Burkina Faso, Chad, Congo Brazzaville and Sierra Leone.

 

There is no certainty of any binding agreement as a result of these discussions.

 

About Orange
Orange is one of the world’s leading telecommunications operators with sales of 39 billion euros in 2014 and 155,000 employees worldwide at 31 March 2015, including 98,000 employees in France. Present in 29 countries, the Group has a total customer base of 247 million customers worldwide at 31 March 2015, including 188 million mobile customers and 16 million fixed broadband customers. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services. In March 2015, the Group presented its new strategic plan “Essentials2020” which places customers’ needs at the heart of its strategy with the aim of allowing them to benefit fully from the digital universe and the power of its new generation networks.

 

Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).

 

About Airtel
Bharti Airtel International (Netherlands) BV is a subsidiary of Bharti Airtel Limited which is a leading global telecommunications services provider with operations in 20 countries across Asia and Africa. Headquartered in New Delhi, India, the Company is the third largest mobile operator in the world by subscribers. In India, the Company's product offerings include 2G, 3G and 4G wireless services, m-commerce, fixed line services, high speed DSL broadband, IPTV, DTH, and Enterprise services including national & international long distance services to carriers. In other geographies, it offers 2G, 3G, 4G and m-commerce services. Bharti Airtel had over 328 million customers across its operations at the end of May 2015.

 

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