Orange to sell Uganda unit to Africell
Orange confirmed it is exiting Uganda after reaching an agreement to sell its local business to Africell Holding for an undisclosed amount.
The French operator said selling its majority 95 per cent stake in Orange Uganda will enable the African operator to continue its development, and is a further step in the Orange Group asset portfolio optimisation strategy. Orange added that the Middle East and Africa "remain a strategic priority" in this strategy.
The deal adds to Africell Holding's existing African operations in Gambia, Sierra Leone, and Democratic Republic of Congo.