Published on: 19th Jan 2016
Orange has announced it has entered into a firm agreement with Cellcom Telecommunications to acquire, through its subsidiary Orange C te d’Ivoire, 100% of Cellcom’s Liberia subsidiary.
Cellcom’s founders will remain involved in the business to ensure a smooth integration, support performance and continue long-standing relations with the Government of Liberia.
Liberia is a country of over 4.3 million inhabitants, with a mobile penetration rate of 66%, lower than in many neighbouring countries. With a national mobile license and its significant market share in the country in number of subscribers, Cellcom has excellent potential for growth over the coming years.
The completion of the transaction remains subject to approval by the authorities.