Orange signs an agreement with Africell for the sale of its stake in Orange Uganda
KAMPALA, Uganda, May 19, 2014/African Press Organization (APO)/ -- In the framework of a regular review of its portfolio of assets, today, the Orange Group (http://www.orange.com) announced that it has signed an agreement with Africell Holding for the sale of its majority stake in Orange Uganda.
The transaction is subject to approval from the relevant authorities. It will enable the company in Uganda to continue its development.
This transaction marks a new step in the Orange Group's asset portfolio optimisation strategy for which Africa and the Middle-East remain a strategic priority.
Orange Uganda, which was created in 2008, is the third telecoms operator in Uganda and had 620,000 clients at the end of December 2013.
Distributed by APO (African Press Organization) on behalf of Orange.
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Olivier Emberger, [email protected]
Orange (http://www.orange.com) is one of the world's leading telecommunications operators with sales of 41 billion euros in 2013 and has 164,000 employees worldwide at 31 March 2014, including 101,000 employees in France. Present in 30 countries, the Group has a total customer base of more than 239 million customers at 31 March 2014, including 182 million mobile customers and 16 million fixed broadband customers worldwide. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services.
Orange is listed on the NYSE Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).
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