Orange to acquire Tigo DRC as part of its Africa strategy 

COrange and Millicom have signed an agreement allowing Orange to acquire Millicom’s subsidiary in DRC, Tigo DRC.

“The mobile market in the DRC is undergoing significant growth and is currently the largest mobile market in Central and West Africa after Nigeria with more than 40 million subscribers. Tigo DRC is a perfect fit for Orange given the complementarity of their operations both from a geographical and cultural standpoint,” said Orange in a release, adding that through the deal, Orange would significantly reinforce  its presence in the DRC, hence becoming one of the leading mobile operators in the country and will create positive synergies.

The release added that the latest acquisition underlines Orange’s strategy in Africa which aims at developing and maintaining leading competitive positions across its various countries of operations on the continent.

The Transaction is subject to obtaining approvals from the competent authorities.

Orange is currently present in 28 countries with a total customer base of 263 million customers worldwide at 30 September 2015, including 200 million mobile customers and 18 million fixed broadband customers.

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