Orange eyes Airtel's African assets - report

Mergers, Acquisitions and Financial Results

Orange has explored purchasing some assets in Africa including ones owned by Indian operator Bharti Airtel, as the company seeks to strengthen its business in Africa, Bloomberg reported, citing people familiar with the matter. While no deal is imminent, Orange may consider merging its African assets with those of Airtel, thereby completing the creation of "Orange Africa" - a new entity that will group all its emerging market operations into a single unit, Bloomberg said.

However, Orange is less interested in Airtel's assets in English-speaking African countries. Orange is also reportedly eyeing certain African assets owned by Millicom, although they may be less lucrative for the company, Bloomberg said. Orange is considering many options for its Africa and Middle East phone assets including takeovers, partnerships with other operators and an initial public offering.

Source: Telecompaper 5 February 2015