Orange announced today that it has completed the acquisition of 100% of Cellcom, Liberia’s leading mobile operator, through its subsidiary Orange Côte d’Ivoire. Less than three months after signing the agreement with Cellcom for the acquisition of its Liberian subsidiary, Orange has obtained all the official approbations necessary to complete the transaction.
Liberia will now become the 20th country in Africa and the Middle East to join the Orange group. With a population of 4.3 million people and relatively low mobile penetration rate (66% of the population), the country offers a high-growth potential for Orange. Over the next few months, Liberian customers will benefit from the arrival of Orange, one of Africa’s leading players in the telecoms’ industry, said Orange. This acquisition is part of the international development strategy of Orange, which aims to accelerate growth by entering new emerging markets with high potential. This will also enable Orange to strengthen its position in Africa.
