Orange is France’s largest telecommunication service provider, and the company is now reportedly looking to enter into two of Africa’s biggest markets, Nigeria and South Africa.
According to reports, Stephane Richard, Orange CEO, disclosed this. He reportedly said that Orange was looking to increase its presence in Africa. The company plans to start this by establishing presence in Nigeria and South Africa. This may, however, take a few months.
At the moment, it is still a mystery when this will be or how it will happen. However, it is important to acknowledge the involvement of Orange in the acquisition of some telecommunication units across Africa. The company acquired four of Airtel’s units in Africa. With this new move in Africa, the mobile network provider could seek a fresh entry or just acquire the licence of one of the existing service providers.
Orange ₦32.7 billion in Jumia in 2016. When Etisalat Nigeria (now 9mobile) got into a financial crisis in 2017, Orange was also there to purchase a 65% stake in Etisalat Nigeria.
Orange is the fourth-largest mobile network operator in Europe and tenth in the world. It has more than 266 million customers worldwide with 89,000 employees in France and 59,000 employees in other parts of the world. It appears the company is more than capable of taking over the Nigerian market.
If Orange’s move into Nigeria is successful, it may bring in new life into the country’s telecommunication market.