Orange SA is seeking deals in Africa as France’s biggest wireless carrier targets the continent as a source of additional revenue growth, according to a company official.
“We are looking for acquisition opportunities in Africa, it is a priority region for us,” Yannick Decaux, Orange’s commercial director for Africa, said earlier this month. “We are speaking to everyone.”
European phone companies are seeking ways to boost sales amid static and saturated markets on their home continent, where competition authorities have ruled to cut roaming fees. Demand for higher-margin wireless data is growing in Africa as internet speeds improve and smartphones become more available and affordable.