Telecommunication giant from France, Orange is planning to enter the markets of South Africa and Nigeria, Orange CEO Stephane Richard has said. PARIS (Reuters) — Orange (ORAN.PA), France ‘s largest telecommunications provider, thinks it will benefit from a larger presence in Africa and give itself a few months to move forward.
Being in economies like Nigeria and South Africa could make sense,” Richard was quoted as saying. If you think there are things to do, the period that I’m considering is a few months rather than a few years
Being in economies like Nigeria and South Africa could make sense, Richard disclosed.
“If you think there are things to do, the timeframe that I’m thinking is a few months rather than a few years,” he said.
When asked about any potential interest in taking a stake in MTN, Richard declined to comment.
Orange and MTN Group have been working together to launch Mowali, an African mobile payment service. Orange has 208 million subscribers while MTN has 257 million.
We are both partners in a project planned to create the largest undersea internet cable in Africa.
It is expected that the undersea cable system, 2Africa, will go live in 2023/2024, delivering more than the combined total capacity of all subsea cables serving Africa currently with a design capacity of up to 180Tbps on key system components.
The French Government is currently the biggest stakeholder in Orange. The telecom now operates in about 18 countries including Africans, like Botswana and the DRC.
Reports have it that one in ten African mobile users is an Orange customers. Previously, Orange had looked at buying a mobile license in Ethiopia, now that the country’s government has opened its telecom domain to foreign institutions to explore.
Business Insider confirms that in the early part of 2021, the company merged all its businesses to form a single entity in its fastest-growing market (African and Middle-East). Orange is officially preparing to list the new company on international financing scheeme.
The shortage of available bandwidth in South Africa has created a problem for new business entrants. Spectrum is restricted as television broadcasting still holds frequencies – a transition from analog TV to digital terrestrial TV has been postponed for half a decade in the country.
Richard refused to comment on any future interest in MTN Group Ltd (MTNJ.J) of South Africa.
The fastest-growing market for the group is Middle East and Africa, where Orange has a presence in 18 countries.
The region makes up a big bulk of its revenue from payment transfers-a key part of the group’s financial services diversification.
Orange said it brought its operations in the Middle East and Africa into a single entity earlier this year, paving the way for a potential list of operations that could raise cash to invest in expansion strategy overseas.
Richard said Orange will also look to improve relationships with health-care companies and organisations.
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