French Telecom Company Orange to Buy Assets from Bharti Airtel
Published By : 05 Feb 2015 | Published By : QYRESEARCH
Orange, the French telecommunication group has decided to buy some assets in Africa. These include assets owned by Bharti Airtel, India’s leading mobile phone carrier. Orange is looking to enforce its operations in Africa, according to sources close to the matter.
Although there is no deal in the pipeline, Orange is considering to merge its assets in Africa with those of Bharti Airtel. This will finally complete the formation of Orange Africa, which will be a new entity grouping together all the emerging market operations under a single umbrella.
However, according to reports, the Paris based telecom company is not too keen on acquiring Bharti Airtel’s assets in English speaking countries in Africa. Orange has also set its eyes on a certain number of African assets that are owned by Millicom International Cellular. Reports, however, state that these assets will not be as lucrative for the firm.
Orange has been, of late, contemplating and considering a number of options for its Middle East and Africa mobile phone assets. These include an initial public offering, takeovers, and partnering with other mobile phone service operators.
It was last year that New Delhi, India based Bharti Airtel announced that it will be selling off nearly 3,100 telecom towers in four countries in Africa to Helios Towers Africa. This is in tandem with the company’s plans to sell off maximum number of transmitter towers in Africa in order to raise up to two billion US dollars.
Neither Bharti Airtel nor Orange could be immediately reached for comment.