Deals
Orange Said to Mull Bid for Some Millicom Assets in Africa
- French mobile operator said to expand network in West Africa
- Millicom seen under pressure to extend coverage to rural areas
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Orange SA started informal talks with Millicom International Cellular SA to buy some of the emerging-market focused company’s operations in Africa, according to two people familiar with the matter.
The French mobile company is considering buying Millicom’s operations in Senegal, Ghana and Chad, the people said, who asked not to be identified as the negotiations aren’t public. Orange is also looking for new opportunities in East Africa after agreeing to sell its 70 percent stake in Telkom Kenya to Helios Investments Ltd. in November, one of the people said.