Orange and Airtel have entered into an exclusive agreement to explore the possible acquisition by Orange of Airtel’s subsidiaries in Burkina Faso, Chad, Congo Brazzaville and Sierra Leone.
There is no certainty of any binding agreement as a result of these discussions.
Orange is a leading global telecommunications operator with sales of 39-billion euros in 2014 and 155 000 employees worldwide.
Present in 29 countries, the group has a total customer base of 247-million customers worldwide, including 188 million-mobile customers and 16-million fixed broadband customers.
Bharti Airtel Limited operates in 20 countries across Asia and Africa. Headquartered in New Delhi, India, it is the third largest mobile operator in the world by subscribers.