French Orange Plans to Enter Nigeria, South Africa Markets

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Orange telecommunications, France’s largest telecommunications corporation, is presently considering Nigeria and South Africa markets, according to Stephane Richard, the Company’s Chief Executive.

Speaking to Les Echos business newspaper, the Chief Executive said the company would gain from having a broader presence in Africa.

He said “It could make sense to be in economies such as Nigeria and South Africa,” Richard was quoted as saying.

“If one considers there are things to do, the time frame I am considering is rather a few months than a few years.”

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Richard, however, declined to comment on possible interest in MTN Group, South Africa’s largest telecommunications.

The company presently operates in 18 countries in the Middle East and Africa, its two fastest-growing markets.

The two regions contribute a huge part of the company’s revenue, especially from payment transfers after it diversifies into financial services.

Earlier this year, the company said it was merging its operations in the Middle East and Africa to make way for a potential listing of the operations. This, experts believe would help raise funds for overseas expansion.

Richard added that the company would also be looking into enhancing its partnerships with health institutions or companies.

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