Telecom network operator Orange has completed the acquisition of the mobile operator Airtel in Burkina Faso.
The deal was announced in January 2016. Airtel is selling some of the business in Africa to repay its debt.
Airtel is the second largest mobile operator in Burkina Faso, with close to 4.6 million customers. Airtel’s mobile financial services is interoperable with Orange Money in neighbouring countries allowing international transfers to be made. Airtel has rolled out 3.75G network in over 100 towns.
This acquisition strengthens Orange’s presence in Africa by confirming its proactive strategy in the African market.
Bruno Mettling, chairman and CEO of Orange MEA (Middle East and Africa), said: “This acquisition will further strengthen the Group’s positions on the African continent.”
Source: http://www.telecomlead.com/telecom-services/orange-buys-airtel-burkina-faso-69492
