France’s largest telcom company, Orange says it plans to an entry into the Nigerian and South African markets.
CEO Stephane Richard, according to reports, says it could happen in a few months rather than in a few years.
The telco, France’s largest telecom company, is currently in 18 countries in the Middle East and Africa, its fastest-growing market.
While Orange has a huge presence in francophone Africa, in the anglophone region it is barely in the telecoms space.
In South Africa, it only has little investment in e-commerce, WiFi access and offers B2B services, including cloud and security services. It is an investor in pan-African e-commerce company, Jumia.
In Nigeria, it tried to buy a 65 per cent stake in Etisalat Nigeria in 2017.
Earlier this year, Bloomberg reported that the company was considering an initial public offering of its Middle East and Africa business, suggesting that it is looking to double down on its operations in the region.