April 21, 2016 / 11:00 AM / 4 years ago

Orange completes acquisition of Congo mobile operator Tigo DRC

DAKAR, April 21 (Reuters) - Orange has completed the $160 million acquisition of Democratic of Congo mobile operator subsidiary Tigo DRC from Millicom, the French company said on Thursday, one of four African purchases it has made this year.

“With a population of more than 80 million people and a relatively low mobile penetration rate of 50 percent of the population, the country offers considerable growth potential,” Bruno Mettling, deputy chief executive officer of Orange, said in a statement.

This month it completed the acquisition of Cellcom, Liberia’s leading mobile operator, and in January it announced a deal to buy Indian firm Airtel’s Burkina Faso and Sierra Leone subsidiaries. (Reporting by Marine Pennetier; editing by Edward McAllister and Jason Neely)

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