Orange has completed its full acquisition of Liberia’s leading mobile operator(1) Cellcom , through its subsidiary Orange Côte d’Ivoire.
The acquisition comes less than three months after Orange signed an agreement with Cellcom Telecommunications Limited for the acquisition of its Liberian subsidiary.Orange has now obtained all the official approbations necessary to complete the transaction.
Liberia will now become the 20th country in Africa and the Middle East to join the Orange group. With a population of 4.3 million people and relatively low mobile penetration rate (66% of the population), Orange says the country has a high-growth potential for Orange.
Orange says this acquisition is part of the international development strategy of Orange, which aims to accelerate growth by entering new emerging markets with high potential. This will enable Orange to strengthen its positions in Africa, where almost one in ten people are already customers.