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Orange Uganda sells Majority stake to Africell

Orange Uganda, which was created in 2008, is the third telecoms operator in Uganda and had 620,000 clients at the end of December 2013.

In the framework of a regular review of its portfolio of assets, today, the Orange Group announced that it has signed an agreement with Africell Holding for the sale of its majority stake in Orange Uganda.

The transaction is subject to approval from the relevant authorities. It will enable the company in Uganda to continue its development.

This transaction marks a new step in the Orange Group’s asset portfolio optimisation strategy for which Africa and the Middle-East remain a strategic priority.

Uganda’s telecommunications sector is dominated by MTN with about 9 million subscribers and Airtel with about 8 million. Uganda telecom, Smart, K2 are the other small players in the market.

The industry regulator, Uganda Communications Commission (UCC) puts the number of subscribers at around 18 million.

The Orange transaction comes just after close to a year when Airtel bought off Warid telecom Uganda.

20th-May-2014

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