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Home Spotlight

Orange, France’s largest telco operator, may come to Nigeria in months

Abiola Odutola by Abiola Odutola
June 15, 2020
in Spotlight
Orange, France's largest telco operator, may come to Nigeria in months
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France’s largest telecom operator, Orange, is set to extend its tentacles to Nigeria and South Africa.

Chief Executive Officer, Orange, Stephane Richard, who disclosed the news, said that the firm would make the move in a few months.

He said, “It could make sense to be in economies such as Nigeria and South Africa. If one considers there are things to do, the time frame I am considering is rather a few months than a few years.”

READ ALSO: French telco inks investment partnership with MainOne

The Middle East and Africa, where Orange has a presence in 18 countries, is the company’s fastest-growing market.

What you need to know: There are chances that the company may eye payment transfers (mobile) in Nigeria.

That is because it makes the largest chunk of its revenue from payment transfers (Middle East), a key part of the group’s diversification into financial services, and Nigeria, which is the most populous black nation, is always an attraction.

READ MORE: Multichoice to integrate Netflix, Amazon contents into decoder

Meanwhile, earlier in 2020, Orange had stated that it was bringing its operations in the Middle East and Africa into a single entity, paving the way for a potential listing of the operations that could raise cash to invest in overseas expansion.

“Orange would also be looking at bolstering partnerships with health companies or institutions,” he added.

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Tags: Business Newsforeign telcosFrance’s Orangepayment transfer

Comments 1

  1. Tolu says:
    June 18, 2020 at 1:49 pm

    Good day Mr. Abiola. Thanks for the article. Please I would like to get in touch with you. Kindly reply me by my email. Many thanks

    Reply

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