Africell News

Orange Strikes $160M Deal for Tigo DRC

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.

Tony Elumelu, Chairman of Heirs Holdings, Transcorp, & UBA Group

Entrepreneurs will create the jobs Africa requires: Tony Elumelu, Chairman of Heirs Holdings, Transcorp, and UBA Group

In the last week alone, the international media has been buzzing about Chi, a Nigerian drinks company, and Africell, the largest mobile phone operator in Sierra Leone and Gambia.

Africell

Africell Plans to Invest $150 Million to Upgrade Uganda Operations

Lebanon-based telecommunications company Africell plans to invest up to $150 million to improve the network of its recently acquired Ugandan unit, Orange Uganda Ltd., over the next three years, a company executive said on Monday.

Ziad Dalloul, CEO, Africell

Africell on mission to secure U.S. private equity investment

Africell Holding, the largest mobile-phone operator in Sierra Leone and Gambia, is courting U.S. private-equity firms including Providence Equity Partners, KKR, and Carlyle Group, hoping to sell a stake in the company, which is valued by the owner at up to $1.5 billion.

Ziad Dalloul, CEO of Africell

Telco Disruptor Africell Looks for Gaps Amongst Giants

Africell, a small African mobile telecommunications company run from Lebanon, is planning to expand across Africa’s fast-growing telecommunications markets