Orange Strikes $160M Deal for Tigo DRC

Orange is set to continue its acquisition spree in Africa with a $160 million takeover of Millicom‘s Tigo-branded mobile phone business in the Democratic Republic of Congo.

The combination of the two companies, which is subject to regulatory approval, would create one of the DRC’s biggest mobile operators, serving around 11.1 million customers, or about 28% of the entire market, according to company data.

That would put it just behind market leaders Vodafone and Bharti Airtel, according to Tracy Kivunyu, a research analyst with African Alliance Kenyan Investment Bank, but ahead of Africell, which serves just 15% of the local market.

Read more: Orange Strikes $160M Deal for Tigo DRC | Light Reading