France’s largest operator and currently the tenth-largest mobile network operator in the world is set to extend their services to Nigeria & South Africa in the coming future.
Stephanie Richard, the Chief Executive Officer said in a statement, “It could make sense to be in economies such as Nigeria and South Africa. If one considers there are things to do, the time frame I am considering is rather a few months than a few years.”
Stats has clearly shown that this telco network is more than capable to take over the Nigerian market already having 266 million customers worldwide, 89,000 employees in France and 59,000 employees in other parts of the world where their operations are situated. Middle-East and Africa is the company’s fastest-growing market as it is present in over 18 countries already.
We should also note that with Orange coming to Nigeria & South Africa, there’s going to be huge competition amongst the telco operators in the respective countries even as some people still believe that Orange making its way to Nigeria won’t make that much of a difference.
In 2016, Orange acquired four of Airtel’s unit in Africa and even as the telco operator has not made any move for the South African telecom market just yet, it already has investments in WiFi access, business services and eCommerce in the country.
Also in the same 2016, Orange played a very vital role for Jumia as they invested at least N32.7 billion in the African Internet Group. When Etisalat (now known as 9mobile) fell into a financial crisis in 2017, Orange was one of the investors as they purchased a 65% stake in Etisalat Nigeria.
Early this year 2020, Orange stated that it was bringing its operations in the Middle East and Africa into a single entity, paving the way for a potential listing of the operations that could raise cash to invest in overseas expansion. However, we don’t know when these entries would take place but it’s very important to let you know that Orange has played a very vital role in acquiring some telco units across Africa.