Orange to Buy Cellcom's Liberia Unit for Undisclosed Amount
Source: Dow Jones News
By Noemie Bisserbe
PARIS--Orange (ORA.FR) said Tuesday it has entered into an agreement with U.S. headquartered Cellcom Telecommunications Limited to buy its Liberian subsidiary, as the French telecom operator seeks to widen its footprint in Africa.
"This acquisition is part of the international development strategy of Orange, which aims to accelerate its growth by entering new emerging markets with high potential," the company said.
The completion of the transaction remains subject to approval by authorities.
-Write to Noemie Bisserbe at noemie.bisserbe@wsj.com
(END) Dow Jones Newswires
January 12, 2016 03:08 ET (08:08 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
Source: Dow Jones News
By Noemie Bisserbe
PARIS--Orange (ORA.FR) said Tuesday it has entered into an agreement with U.S. headquartered Cellcom Telecommunications Limited to buy its Liberian subsidiary, as the French telecom operator seeks to widen its footprint in Africa.
"This acquisition is part of the international development strategy of Orange, which aims to accelerate its growth by entering new emerging markets with high potential," the company said.
The completion of the transaction remains subject to approval by authorities.
-Write to Noemie Bisserbe at noemie.bisserbe@wsj.com
(END) Dow Jones Newswires
January 12, 2016 03:08 ET (08:08 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
