Saturday 4 July 2015

Orange Is Open to Share Sale of Africa, Middle East Business - Bloomberg Business

Orange Is Open to Share Sale of Africa, Middle East Business - Bloomberg Business:



"Orange SA said it remains open to selling shares in its Africa and Middle East unit or bringing in a strategic or financial partner as France’s largest phone company reviews options for the region.



Orange would also buy assets for the right price, Chief Financial Officer Ramon Fernandez told a press event in London on Thursday. The region has more than 250 carriers.



The Paris-based company expects a 20 percent increase in its revenue from Africa and the Middle East by the end of 2018, Marc Rennard, its regional head, said at the same event."



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